Headlines
WD Lab Grown Diamonds Files for Ch. 7 Bankruptcy Protection
The firm reported liabilities of about $44 million versus assets of $3 million
WD Lab Grown Diamonds has filed for Chapter 7 bankruptcy protection
The company reported liabilities of about $44 million versus assets of $3 million, the Financial Times reports.
The company, based near Washington, DC, made the filing in federal bankruptcy court in Delaware.
The newspaper stated that per-carat prices for lab-grown diamonds “have crashed more than threefold in seven years, as manufacturers continue to flood the market.”
WD Lab Grown Diamonds was founded in 2008 and used the using the chemical vapor deposition process to make its diamonds. It had revenue of $33 million last year..
Nike Names New Chief Innovation Officer
Pacsun Launches In-Store Resale Program
7-Eleven Plans to Close 645 C-Stores in North America
The 2024 Shop! Design Awards Winners
Mission + Pillars
Shop! Ideation 2022 Recap (Photo Gallery)
MasterClass – Beyond the Screen: Specialty Retail Media Networks That Transform the In-Store Experience
MasterClass – Designing for Impact: Transforming Visual Merchandising with Display Innovation and AI
MasterClass – Insights into the Journey Towards the Most Sustainable and Effective Promotions in Retail
Bulletin
Sign up for our bulletins now and never miss out on essential industry news, updates and compelling retail inspiration!
-
Headlines2 weeks agoBabylist Plans Showroom in NY’s SoHo
-
Headlines2 weeks agoNorth Texas Update: REI and Timberland
-
Headlines2 weeks agoSigns of the Times Digital Archive Now Through 1930
-
Headlines2 weeks agoUpbeat Spending Forecast for Easter by NRF
-
Headlines2 weeks agoNews Nuggets from Jollibee, KFC and Lee’s
-
Headlines2 weeks agoU.S. Job-Creation Stats – Including Retail – Jumped in March
-
Headlines2 weeks agoCVS Begins Rolling Out Pharmacy-Only Locations
-
Headlines2 weeks agoNY Update: Armadillo, Pasquale Bruni and WeWear