Forever 21 seeks rent concessions, facing financial struggles

A Forever 21 store is pictured in London on Sept. 30, 2019.Alberto Pezzali | NurPhoto | Getty ImagesForever 21 is asking landlords for a break on rent as the legacy fast-fashion player's sales decline and it struggles to keep up with savvier competitors, CNBC has learned.The retailer, which has...

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Private equity firms circle Peloton for potential buyout

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesA number of private equity firms have been considering a buyout of Peloton as the connected fitness...

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Under Armour founder Kevin Plank used Stephanie Ruhle advice

Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018.Scott Mlyn | CNBCUnder Armour's founder Kevin Plank forged an unusual relationship with television anchor Stephanie Ruhle that included trips on his private jet, access to confidential company information and a...

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