“I didn’t expect this to happen while I’m here. Leading up to a choice like this that a board has to make to fulfil its judiciary responsibilities, there are so many factors – and options on the table. Many were considered… and ultimately what was crazy is that filing a Chapter 11… it’s actually the most responsible thing to do right now, which is just like a bonkers thing to actually consider.”
She went on to say that Nasty Gal – which she started as an eBay store back in ’06 – would likely be sold off but continue to operate in some form.
“As it stands, what happened yesterday actually allows us to continue operating and to provide some relief and a moment of pause as we get out of things, like a 500,000 square-foot lease in Kentucky.”
Isaacs congratulated Amoruso on her strength and bravery in addressing the issue so publically, at which point she broke down in tears.
“For my first business… I got really far,” she said to cheers.