Espirit is shirtless

Eighties and nineties kids might remember when Espirit was the peak of cool, but no one else does. The failed fashion brand company is filing chapter 7 bankruptcy and will liquidate its assets. An article in ChainStorage notes that the company recently signed a least in downtown Manhattan for a “global creative headquarters.” You’d think that a company on the verge of bankruptcy should be using capital better, but with thinking like that, you wouldn’t be the CEO of Espirit.