Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
Photo: Convoy
By Alex Lennane
US freight brokerage Convoy today confirmed it is closing its operations and making its staff, thought to number about 1,000, redundant.
A letter to staff from Dan Lewis, CEO and co-founder, notes “today is your last day at the company”.
He said: “As you’re all aware, over the past few days we’ve been taking actions to minimise disruptions to shippers and carriers by ensuring that all in-transit shipments get to their proper destinations … With that action nearing completion, Convoy will be ...
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