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In a court filing, Chief Restructuring Officer Mark Samson said Diesel USA has no plans to close, but intends to exit some of its 28 stores, where landlords’ refusal to offer lease concessions has led to heavy losses. He said the company’s three-year business plan contemplates focusing on more profitable stores, improving its product lines and working with social media “influencers” to attract Millennials, “Generation Z” and other new customers. A successful reorganization would enable Diesel USA to operate as an “iconic and profitable brand,” Samson said tivoli cufflinks.
Many other retailers have gone bankrupt in recent years as more consumers shop online tivoli cufflinks. Recent victims have included shoe chain Payless Inc, which said last month it will close its roughly 2,500 stores. The Diesel USA bankruptcy followed a Feb. 13 announcement by Levi Strauss & Co, which invented blue jeans in 1873, that it plans to return to the U.S. stock market after a 34-year hiatus, through an initial public offering. Diesel USA said it has $50 million to $100 million of assets, and $10 million to $50 million of liabilities..
WASHINGTON/NEW DELHI (Reuters) – U.S. President Donald Trump looked set to open a new front in his trade wars with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States tivoli cufflinks. Monday’s move comes as trade tensions between the United States and India mount. The United States is trying to rework pacts with a number of other countries as well, including China. Trump has said weak deals have cost millions of American jobs and has vowed to cut U.S. trade deficits..
India played down the impact, saying it was keeping retaliatory tariffs out of its talks with the United States, but the opposition could seize on the issue to embarrass Prime Minister Narendra Modi ahead of general elections this year. Trump has repeatedly called out India for its high tariffs, and U.S. trade officials said scrapping the concessions would take at least 60 days after notifications to Congress and the Indian government tivoli cufflinks. “I am taking this step because, after intensive engagement between the United States and the government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India,” Trump told congressional leaders in a letter..
India is the world’s largest beneficiary of the Generalized System of Preferences (GSP), which dates from the 1970s, and ending its participation would be the strongest punitive action the United States has taken against the country since Trump took office. Reuters last month reported the planned U.S tivoli cufflinks. action, which comes as the United States and China appear close to a deal to roll back U.S. tariffs on at least $200 billion worth of Chinese goods. “Discussions are on with the United States, and given cordial and strong ties, (we are) keeping retaliatory tariffs out of it,” Commerce Secretary Anup Wadhawan said in New Delhi..