Alquemie Group's General Pants faces financial challenges and relies on shareholder funding

General Pants, owned by Alquemie Group, is relying on shareholder cash injections to continue operations amidst significant financial losses. Alquemie Group has accumulated nearly $59 million in losses over three years, receiving $22 million from shareholders and increasing related party loans. The company has also reduced staff numbers and sold off profitable brands. Auditors have repeatedly expressed doubts about Alquemie's ability to continue as a going concern, citing reliance on financing and macroeconomic uncertainties impacting the retail industry.