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Bombshells

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It looks like Espirit is finally losing its grip—even after enlisting Gisele and Erin Wasson to be the faces of its ad campaign. On Tuesday, the retail company's CEO, Ronald Van der Vis resigned and just yesterday, in a domino effect, the chairman of the board, Hans-Joachim Körber did the same. The Cut reports that "all this caused the company's stocks to plummet 22 percent on the Hong Kong stock exchange, not that they were doing swimmingly beforehand, anyway." Watch out, Gisele, this bomb's gonna blow up anyyyy second now. [The Cut]