Mcglaughlin Announces Division Of Clothing And Accessories Business

< p > August 8th news, < a > Mcglaughlin < /a > announced today that the board of directors approved the spin off of clothing and accessories business.

It will sell Mixblu and its subsidiaries to Fast Fashion China Limited, a former CEO holding company, in accordance with a equity acquisition agreement reached in August 8, 2014.

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< p > the paction is expected to be completed in September this year.

Prior to the conclusion of the equity purchase agreement, Mcglaughlin had sought potential third party acquirers and hired independent assessment agencies to estimate the market value of the company's clothing and accessories business.

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< p > "this is an important and exciting step in our plan. We plan to relocate Mcglaughlin as a dynamic retail brand and expand our huge membership base."

Mcglaughlin, director of CEO and director Gu Beichun, said, "the sale of clothing and accessories business with poor performance and serious negative cash flow will give us greater flexibility in the growth of health and beauty business."

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< p > Armani group abuse of unpaid intern Armani was subject to class action < /p >.

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< p style= "text-align: left" > Giorgio Armani SpA Giorgio Armani group has been subject to class action for failing to pay intern salaries.

According to NY Post, dozens of Giorgio Armani SpA interns filed a lawsuit against a former employer in Manhattan, New York, to sue for their unpaid wages.

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< p style= "text-align: left" > according to Giorgio Armani SpA former intern Stephanie Figuccio, during the month of June 2009 -8 month, she did not receive the reference to the brand Spring Spring. She said that the work in the field is not the training of the education project, and the content of the work is the same as that of the staff, so it should be paid wages.

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< p style= "text-align: left" > unpaid interns are very common in the fashion industry. However, similar lawsuits in recent years have risen sharply, involving brands such as Alexander McQueen and Donna Karan. Media group Cond Nast International Kangtai Nash International Publishing Group and Hearst text-align: international group are also deeply involved in similar lawsuits.

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