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ABG Lawsuit: Tech ‘Failure’ Cost Forever 21 $150 Million

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

The owner of Reebok and Brooks Brothers is suing a rising tech innovator for allegedly failing to live up to its promises and costing Forever 21 as much as $150 million in sales. Authentic Brands Group (ABG), which also counts Barneys New York, Eddie Bauer and Lucky Brand in its portfolio, claims Bolt Financial, Inc. “has utterly…

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