Chinese Streetwear Conglomerate YOHO! Group Is Facing Financial Troubles

YOHO! Group, the Chinese streetwear conglomerate that includes everything from a retail operation to a print magazine and the Yo'Hood lifestyle festival may be in financial trouble. According to a report from Business of Fashion via Tencent News, anonymous sources both inside and outside of the company -- ranging from the management team to rank-and-file employees and former staff -- have stated that the company has lost nearly 80 percent of its workforce due to layoffs and unpaid wages. BoF als...