Jeans maker Diesel USA files for bankruptcy

Diesel USA Inc, the denim and accessory brand known for its jeans, filed for bankruptcy on Tuesday, blaming mounting losses, a sales plunge, expensive leases and cyber fraud. The New York-based unit of Italy’s Diesel SpA filed for Chapter 11 protection from creditors with the US bankruptcy court in Delaware.

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Designer jeans costing £200 are exactly the same as high-street brands on sale for just £10

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