Nasty Gal files for bankruptcy.

In what will be a shock to anyone who’s read Sophia Amoruso’s book, 'Girl Boss', comes the news that online retailer Nasty Gal is filing for Chapter 11 bankruptcy, with  Amoruso rumoured to be resigning from her position as executive chairman.

Nasty Gal CEO Sheree Waterson said via a statement:

“Our decision to initiate a court-supervised restructuring will enable us to address our immediate liquidity issues, restructure our balance sheet and correct structural issues including reducing our high occupancy costs and restoring compliance with our debt covenants. 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."

Yikes. This is not a good week.

Click here to read more about the bankruptcy filing via Jezebel.