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LI XINTONG DID not want one overpriced cashmere sweater, let alone a hundred. But when his loan to Jicai came due, the investment firm offered to repay him not in cash, but in sweaters. The value of 100 cashmere pullovers, it said, equalled his 150,000 yuan ($ 22,000) loan, and was thus fair compensation. Mr […]
Companies offer payment in kind to avoid defaults amid a financial squeeze
The Insider Picks team writes about stuff we think you’ll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Everlane Everlane is best known for its radical transparency, block heels that inspired a 28,000 person waitlist, and high-quality essentials that are made ethically. They’re also gaining some […]
