Cash injections, write-downs: Inside youth retailer General Pants’ struggle to stay afloat
General Pants has relied on shareholder cash injections as it faced $59 million in losses from 2023 to 2025 and reduced workforce by over 300 staff. The retailer, under Alquemie Group, scaled down from 60 locations to 42 amid a tumultuous financial period, leading to significant write-downs and store closures. Alquemie's future remains uncertain as auditors express concerns.
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Published 08 Jul 2026, 19:00 UTC · Updated 08 Jul 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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