Sophia Amoruso, founder of Nasty Gal, author of New York Times bestseller #GIRLBOSS and one of Forbes‘ Richest Self-Made Women, once wrote, “There are secret opportunities hidden inside every failure.”
Last week, Nasty Gal, one of our favorite shopping destinations, filed for bankruptcy protection, according to The New York Times. This is an emergency measure for the company to stay in business.
The company is adamant that no changes, at least in the near future, will be visible to the customer, and that the company will not be stopping operations anytime soon. However, as is customary for bankruptcy protection, the company will need to go through structural changes to ensure that some of this money is paid back to investors. The NYT confirmed that Amoruso will be stepping down from her position as executive chair.
Let’s hope that Nasty Gal is able to create a plan to deal with their money troubles, so that the rest of us can continue to shop its affordable cool-girl finds that make us feel as chic as the founder herself.