Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
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Here’s a tale of hubris told in a postcard-sized chunk. Former China Shipping honcho Li Kelin was going to take over the shipping world with his new company, Hainan PO Shipping. Launched in the depths of the recession in January 2009, the company grew incredibly quickly, and even got as far as making an entrance on the transpacific trades after launching its first service in September 2009. Four short years later, however, it has been declared bankrupt.
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