Since the fraud became public in 2016, the bank has faced a torrent of lawsuits.
The latest news, videos, and photos on finance, industry trends, money, and more.
The company has been struggling to stay relevant as American mindsets shift and competitors embrace body positivity. Its famous runway show was cancelled last year after 2018 saw the worst ratings in the show’s history.
“It’s a huge disruption. We’re selling simple consumer products that are of no strategic significance to China or the U.S., and we’re just caught in the middle,” said one CEO.
Mike Bloomberg's company, which could be worth as much as $40 billion, is estimated to employ 20,000 people.
Prince Harry and his wife, Meghan, could provide a $38 million brand boost to Canada, according to one marketing expert.