6/24/2023 0 Comments Nasty gal bankruptcy filingThe filing was followed up less than two weeks later with Boohoo’s registration of the business name Nasty Gal Ltd., fueling speculation of a purchase. Nasty Gal filed for bankruptcy protection in November last year. The fashion brand was once valued at US $ 200 million, but it’s selling to Boohoo for a mere US $ 20 million. While the brand’s sales will continue under new ownership, the company will initiate a wind down of its business operations over the next 60 to 90 days. Sheree Waterson, CEO, Nasty Gal said, “I am enormously proud of the tremendous brand value we have built over the years at Nasty Gal, and deeply grateful for the enduring contributions made to the brand by so many of our passionate employees and vendor partners. I congratulate on their anticipated successful acquisition and am confident that Nasty Gal’s strong legacy will complement their business.”Īlso Read – Palamon Capital acquires majority stake in Happy Socks Nasty Gal, an American fashion retailer, is anticipating that BooHoo F I Ltd., an affiliate of plc, will become the new owner of the company’s trademarks and other intellectual property.
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