Babystyle, the baby retailer, files for bankruptcy — victim of misguided investors?
updated
Babystyle, the Los Angeles retailer of baby and maternity products, has filed for bankruptcy after raising more than $146 million from investors.
Two years ago we were pointing to the worrying burn rate of the company, which also goes by Estyle. The company was losing money on its brick-and-mortar stores, but was still opening them up at a rapid rate — a time when more growth was happening online, not offline. The company kept raising money,… Continue Reading