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Shoe brand once worth $4B closes all stores, avoids bankruptcy

After issuing a going concern warning, the brand shut all stores yet avoided bankruptcy, showing the...

BUSINESS NEWS April 02, 2026

Shoe brand once worth $4B closes all stores, avoids bankruptcy

After issuing a going concern warning, the brand shut all stores yet avoided bankruptcy, showing the dangers of rapid DTC growth.

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After issuing a going concern warning, the brand shut all stores yet avoided bankruptcy, showing the dangers of rapid DTC growth.

Author: thestreet.com

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