Fashion Platform ‘Brandy’ Operator Newnex Files for Court Receivership
Once aspiring to be a unicorn, fashion platform operator Newnex has filed for court receivership. Sluggish domestic consumption and the rise of Chinese ultra-low-cost platforms have triggered another wave of industry crisis. Brandy and Hiver Operator Seeks Court Protection Newnex, which operates women’s platform Brandy and men’s platform Hiver, has filed for court receivership after … Read more