WHAT?! Online store Nasty Gal is getting ready to file for bankruptcy

One of our favourite online vintage stores, Nasty Gal is apparently filing for bankruptcy.

According to Recode, sources close to Sophia Amoruso say that she is preparing to file for Chapter 11 bankruptcy protection, in order to reorganise the business.

But that's not the only bad news, as founder Sophia is said to be resigning as executive chairwoman, and the company director Danny Rimmer is also going to step down.

It's reported that Nasty Gal conducted a number of lay-offs both this year and last year. As well as that, the company has been the target of various lawsuits from previous employees.

Sophia blasted into the mainstream when she wrote the book Girl Boss, which documented her journey from selling clothes in eBay, to running the vintage powerhouse.

It's a sad day for all Nasty Gals around the world.