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☆ Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
▼ + stars: | 2024-04-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The company said hours for remaining stores won't change and it will continue to accept orders and returns as usual. "The proposed transaction will provide Express with additional financial resources, better position the business for profitable growth and maximize value for the Company's stakeholders," Express said. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," he added. Last spring, Express acquired Bonobos' operating assets and related liabilities for $25 million from Walmart in a joint deal with WHP. The deal came as Express' "core business was weak, and cash was tight," GlobalData managing director Neil Saunders said in a Monday note.

Persons: –, Stewart Glendinning, Neil Saunders, Saunders, Kirkland Organizations: Express Inc, Longtime, Express, WHP, Simon Property Group, Brookfield Properties, Les Wexner's, CNBC, Walmart, Powerhouse, Ellis, Partners Locations: New York, U.S

The effort against Issue 1, which would amend the constitution to protect abortion rights, raised just under $10 million in the same period, according to Thursday's filings. The campaign against Issue 1, called Protect Women Ohio, accepted more than half its donations in the final months of the race from Protect Women Ohio Action Inc., a committee associated with the anti-abortion group Susan B. Anthony Pro-Life America. It's been harder for campaigns against abortion rights to get traction, Lenkowsky said. In Ohio, an August special election that would have swayed November's election went in the direction of abortion rights supporters, which likely made anti-abortion donors less willing to keep giving. Amy Natoce, press secretary of Protect Women Ohio, criticized the pro-Issue 1 campaign's outside funding in a statement to The Associated Press.

Persons: Hansjörg Wyss, George Soros, Michael Bloomberg, Abigail Wexner, Les Wexner, Susan B, Anthony Pro, Roe, Wade, Leslie Lenkowsky, It's, Lenkowsky, Amy Natoce, “ It’s, ”, “, Martin Haskell, Julie Carr Smyth, Christine Fernando Organizations: Washington , D.C, United, Reproductive Rights, New, Society Policy Center, American Civil Liberties Union, Brands, Protect, Protect Women, Inc, America, Supreme, Indiana University, Associated Press, Ohioans United, AP Locations: Ohio, Washington ,, Swiss, New York, Columbus, U.S, In Ohio, Protect Women Ohio, Columbus , Ohio, Chicago

☆ ‘Stunned and sickened.’ Wexner Foundation cuts ties with Harvard over ‘tiptoeing’ on Hamas
▼ + stars: | 2023-10-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. Citing the “absence of this clear moral standard,” the Wexner Foundation said it has determined the Harvard Kennedy School is no longer a “compatible” partner for its organization. In a statement to CNN, Harvard reiterated comments by university leadership condemning both the attacks against Israel and terrorism. “We are grateful to the Wexner Foundation for its very longstanding support of student scholarships,” a Harvard spokesperson said in the statement. They feel abandoned,” the Wexner Foundation said.

Persons: Leslie Wexner, Abigail, ”, “, Larry Summers, ’, ” Summers, Obama, Clinton, Idan Ofer, Batia, Claudine Gay, ” Gay, Gay, Harvard “, Les Wexner, Wexner, Jeffrey Epstein Organizations: New, New York CNN, Harvard University, Harvard, Forbes, Wexner, Harvard Kennedy School, CNN, Wexner Foundation, University, “, North American Jewish, Kennedy School of Government, Israel Fellows, Body, Limited Brands Locations: New York, Israel, Bath

☆ U.S. Virgin Islands seeks at least $190 million from JPMorgan Chase in Jeffrey Epstein case
▼ + stars: | 2023-07-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

The government of the U.S. Virgin Islands in a court filing Friday estimated that it will seek damages of at least $190 million from JPMorgan Chase in a lawsuit accusing the big bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein. The Virgin Islands also said it wants an order requiring JPMorgan to take a series of steps to protect young women and girls from other predators in the future. The filing says the Virgin Islands wants at least $150 million in civil penalties alone. JPMorgan in its own court filings has accused the Virgin Islands itself of being "complicit in the crimes of Jeffrey Epstein." Last month in the same court where the Virgin Islands is suing the bank JPMorgan agreed, without admitting wrongdoing, to pay $290 million to victims of Epstein to settle a suit by one of his accusers.

Persons: Jeffrey Epstein, Epstein, Jed Rakoff, Jeffrey Epstein's, JPMorgan Chase, Ariel Smith, Smith, Patricia Wexler, JPM, Virgin, Sergey Brin, Bill Gates, Lex Wexner, Glenn Dubin, Donald Trump, Bill Clinton, Prince Andrew of Great Organizations: New York State Division, Criminal, Services, Reuters, U.S . Virgin, JPMorgan Chase, Virgin, JPMorgan, Virgin Islands, Google, Microsoft, Limited Brands, Deutsche Bank, New York state's Department of Financial Services Locations: U.S, Manhattan, United States, Virgin, Eastern, Prince Andrew of Great Britain, Florida, New York

☆ Victoria's Secret is resurrecting its famous fashion show in 2023 after a 4-year hiatus and a total brand revamp
▼ + stars: | 2023-03-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Victoria's Secret is bringing back its famous runway show this year after a four-year hiatus. The lingerie retailer canceled the show in 2019 after criticism, scandal, and lagging sales. Victoria's Secret has previously said the show would eventually return, but never set a date. Victoria's Secret began airing an annual fashion show beginning in 1995. Consumer tastes had begun to change, shifting away from the push-up bras and sexpot style defined by Victoria's Secret and toward more comfortable bralettes and sports bras.

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