Diesel USA
The denim apparel retailer filed for bankruptcy on March 5, 2019. The court documents revealed that Diesel said it was suffering from a decline in wholesale orders thanks to the “general downturn in the brick-and-mortar retail industry”. It suffered from expensive leases, decreasing net sales, and even fraud and theft! RetailDive said that the company wanted to reorganize and relocate stores to somewhere “with a smaller footprint.” It also wanted to rebrand, launch a Miami pop-up store, and open shop in strategic locations. A number of stores would not be renewing leases, at any rate.
Diesel
Imerys Talc America Inc.
While the name might not sound familiar, you should know that it supplies talc powder for Johnson & Johnson. Bloomberg reported that its Paris unit, together with its Vermont and Canada units, filed for bankruptcy in February 2019. According to Imerys Talc America Inc., it suffered from the 14,000 claims filed against it in the US. The allegations came from women who think the talc powder caused their ovarian cancer. Bloomberg also said that other claims blame it for mesothelioma instead.
Imerys