BEAUTY + STYLE
Diane von Furstenberg to Close All But One Store, Lay Off 75% of Staff
Source: Getty Images
Fashion brand Diane von Furstenberg is laying off employees and closing all but one store in a move towards a “digital-only, China-focused” business model, People reports.
The struggling fashion brand, which was founded in 1972, is laying off 75 percent of its 400- person staff and will close 17 of its 18 retail stores.
According to People, the news comes after “several rounds of restructuring within the company and years of sales decline” that has only worsened due to the coronavirus pandemic.
About Lifestylogy
Lifestylogy provides our community with the latest trending health, fitness and wellness news from around the world. Our expert lifestyle team explores ways to promote positive stories, photos and videos. We are inspired to share our incredible insight and motivation with all lifestyle enthusiants to help live your life to the fullest.
ADVERTISEMENT
ADVERTISEMENT
EXPLOREDec
The Ultimate Guide to Angel Numbers and Their Meanings
Angel numbers are more than just random sequences of digits—they are believed to be powerful messages from the universe or...
LIFESTYLEDec
27 Ways to Successfully Step Outside of Your Comfort Zone
Stepping out of your comfort zone can feel intimidating, but it’s one of the most rewarding ways to grow as...
CRIMEDec
22 State Laws That Are Hard To Believe They Actually Exist
Every state in the U.S. has its fair share of unusual laws, some of which are so bizarre they leave...
HEALTH + FITNESSDec
An Apple a Day: 20 Reasons This Superfruit Keeps the Doctor Away
Apples have long been celebrated as one of nature’s most perfect fruits, providing a tasty and nutritious snack for people...