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Popular Fashion Brand Shuts Down Its Website as Its Sold by Debenhams for £12 Million
The sale ends Nasty Gal’s online shopping site as Debenhams refocuses on core assets and improves its balance sheet, the company said.
Summary by The Herald Scotland
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7 Articles
The Herald Scotland+4 Reposted by 4 other sources
Popular fashion brand shuts down its website as its sold by Debenhams for £12 million
Popular fashion brand Nasty Gal has shut down its website after Debenhams sold it in a deal worth around £12 million (US$16 million).
·Glasgow, United Kingdom
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boohoo selling spree continues as Nasty Gal returns to US
boohoo group plc’s selling spree has continued after it sold Nasty Gal to a New York company for $16 million (£12m). The group, which now trades as Debenhams, acquired Los Angeles-based Nasty Gal in 2017 for $20m after it collapsed into bankruptcy. Founded in 2006, Nasty Gal had previously raised more than $65m in funding. However after founder Sophie Amoruso left the business, it was no longer able to pay back its creditors and filed for Chapte…
Coverage Details
Total News Sources7
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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