Profits are down 64 percent.
Their owner is broke. Surprise!
He needs money pretty badly and doesn't know what his next move will be, but he's doing just swell. Seriously.
He owes investors $170 million.
No one's buying diamonds anymore, and earnings are down 75 percent.
You could make more money working retail, waiting tables, or even blogging.
The store owes vendors millions, which is making the people who approve orders pretty uncomfortable.
Mario might lose his private plane, and Carine is losing her coffee machine!
Istithmar really screwed itself over on this one.
They're spending tens of millions of dollars to renovate one floor of one store, so who knows!
IT Holding has filed for the Italian equivalency of Chapter 11 and the future of Just Cavalli remains uncertain.
The move is temporary until Barneys tidies up its financial mess.
Rates are being cut in half, and new faces can't catch a break in the downturn.
And learns that when you lose your clients, you don't need $40 underwear.