Question: Wear It Now has started to implement damage control, and must find ways to mitigate the risks they face. Match the risk to the ways

Wear It Now has started to implement damage control, and must find ways to mitigate the risks they face.

Match the risk to the ways it can be mitigated.

Work internally with Investor Relations and Public Relations teams to make statements condemning EDGY and clarify what happened. Find ways to support or remunerate scammed young people, plus deal with excess clothes in a sustainable way to flip the news coverage so it's positive.

Liquidity risk

Work with the investment bank to anticipate cash flow issues by borrowing money, issuing bonds, and selling equity to raise funds.

Double

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check existing suppliers and partners to ensure no more losses. Work with sellside institutions to find ways to build the company's credit rating back up

.

Operational risk

Reputationalwrisk

Work with regulators to put in place the most stringent safeguards possible, to ensure this never happens again.

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Wear It Now has started to implement damage control, and must

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