Online retailer Nasty Gal files for bankruptcy hours after founder’s talk on business success in Melbourne

"US online retailer Nasty Gal said it will file for bankruptcy protection just hours after founder and high profile entrepreneur Sophia Amoruso addressed a packed auditorium in Melbourne to share the secrets to her business’s success. On Thursday Recode reported the $US100 million ($131 million) retailer was preparing to file for Chapter 11 bankruptcy, the equivalent of voluntary administration in Australia, in order to restructure its affairs, and that Amoruso was to step down as executive chairman of the company." Read more

Emma Koehn StartupSmart 15 Nov 2016