Ten years after the company was founded, former venture cap darling Nasty Gal has filed for Chapter 11 bankruptcy. What will "edgy" girls who stand in long club lines wear now? It's been a stormy couple of years for the e-commerce start-up: in September they were hunting for capital and considering a sale of the business, 10% of staff was laid off in February, and last year the company was slapped with several discrimination and wrongful termination lawsuits. That's apart from the frequent knock-off accusations and a groundswell of rumors that the Nasty Gal working environment is wretched (titles of Glassdoor reviews from former employees include "Horrendous. Simply Horrendous," "UGH," and "Run!!!").
It's been reported that Nasty Gal's founder and self-proclaimed #Girlboss Sophia Amoruso will be stepping down from her position as executive chairperson. She ceded her CEO title to Sheree Waterson last year and has been reportedly pulling back from daily operations. For her part, Waterson provided a statement to WWD saying that the bankruptcy filing was a liquidity issue, and that, "We expect to maintain our high level of customer service and emerge stronger and even better able to deliver the product and experience that our customers expect and that we take pride in bringing to market."