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Don't be so quick. That debt was only $2m per branch, ie. each branch would have to pay $8k/month interest if they paid 5% interest. Significant but not likely
by Arnt 2y ago
Don't be so quick. That debt was only $2m per branch, ie. each branch would have to pay $8k/month interest if they paid 5% interest. Significant but not likely to be the biggest cost per branch.
Derek Guy's explanation sounds more plausible: https://bsky.app/profile/dieworkwear.bsky.social/post/3lixui5mwzc2x https://bsky.app/profile/dieworkwear.bsky.social/post/3lixui...
- cratermoon 2y agoI'm going to go with the assessment of financial experts over the thoughts of a men's fashion industry writer.