RE: THG17 Oct 2021 21:43
The news broke yesterday... And, (a) shareholders are broke after the shares lost 50% of their price in a month, & (b) the company might be facing a bleak Xmas when stock is stuck on the high seas.
One of the worst situations a high fashion retailer can find itself in is to have it's working capital tied up in unsold stock from the previous season. After you discount the goods and let the common person buy the goods, the brand is tarnished. Kate Moss does not want to be associated with a brand that Kate, who works in the chippie, wears...