• 3AC liquidators are securing Singapore hedge fund assets.

    3AC liquidators are securing Singapore hedge fund assets.

    The 3AC liquidators have recruited counsel in Singapore to convince the city-High state's Court to acknowledge the BVI liquidation judgment.
  • The failure of 3AC has thrown a monkey wrench into Singapore's crypto efforts

    The failure of 3AC has thrown a monkey wrench into Singapore's crypto efforts

    Singapore's crypto players expect the authorities to become more stringent against crypto startups as more companies like 3 Arrows Capital fail.
  • Singapore's banking watchdog slaps Three Arrows Capital

    Singapore's banking watchdog slaps Three Arrows Capital

    Three Arrows Capital was penalized by the Monetary Authority of Singapore (MAS) for submitting incorrect information and exceeding its AuM threshold.
  • Kanye West says ‘Black Board Seats Matter’ at Adidas, Gap

    Kanye West says ‘Black Board Seats Matter’ at Adidas, Gap

    Kanye West — who has a lucrative Yeezy fashion line with Adidas and recently signed a 10-year deal with Gap — took to Twitter to complain about his lack of a board seat with either company. “I DONT HAVE A BOARD SEAT AT GAP I DONT HAVE A BOARD SEAT AT ADIDAS … BLACK BOARD …
  • Old Navy will pay employees to work the polls on Election Day

    Old Navy will pay employees to work the polls on Election Day

    Old Navy is offering to pay its employees a full day’s rate to volunteer as poll workers on Election Day in November, the company announced Tuesday. It’s a move that comes amid alarming reports of a looming nationwide shortage of poll workers, who are typically elderly and retired people — a population that this year …
  • Boeing grounds several 787 jets due to manufacturing defect

    Boeing grounds several 787 jets due to manufacturing defect

    Boeing has found manufacturing defects on some of its 787 long-range airliners in areas where parts of the fuselage are joined together, the latest setback for the aircraft maker whose 737 Max is still grounded after two deadly crashes. The company said Friday that eight planes must be inspected and repaired before they are allowed …
  • Gap, Banana Republic to close more than 225 stores this year

    Gap, Banana Republic to close more than 225 stores this year

    Gap and Banana Republic will close more than 225 stores worldwide this year as their parent company slims down its brick-and-mortar footprint. Gap Inc’s Thursday announcement suggests it’s closing far more stores than it expected in March, when it said it would end the 2020 fiscal year with about 90 fewer company-operated shops. The San …
  • Gap stock plunges after Kanye West threatens to kill Yeezy deal

    Gap stock plunges after Kanye West threatens to kill Yeezy deal

    Shares of the Gap tumbled as much as 7.4 percent Monday after Kanye West threatened to kill its fledgling partnership with his Yeezy brand unless he was given a spot on the company’s board. The rapper-turned-politician issued a similar ultimatum to sportswear giant Adidas — which produces his label’s sought-after sneakers — in a rambling …
  • Kanye West reveals first look at Yeezy Gap line

    Kanye West reveals first look at Yeezy Gap line

    Onetime Gap employee Kanye West is now sharing a sneak peek at his own collaboration with the mega-retailer. On Thursday, the head and heart behind Yeezy, 43, shared a short video — presumably from within his currently-under-construction Wyoming manufacturing plant — of an early fitting for his collection. In the five-second clip, a mix of …
  • Simon Property sues Gap for not paying rent during coronavirus crisis

    Simon Property sues Gap for not paying rent during coronavirus crisis

    The nation’s biggest mall operator is suing its largest tenant for not paying rent during the pandemic in what could be the beginning of a torrent of litigation over rent payments. Simon Property is suing the owner of Banana Republic, Old Navy and The Gap for $66 million in back rent and other charges related …