American Apparel Inc., which was threatened with default after the ouster of Chief Executive Officer Dov Charney in June, plans to take another step toward stability today by paying interest on its bonds, according to people familiar with the situation.
American Apparel Inc’s board is increasingly open to letting its ousted founder, Dov Charney, stay at the company.
American Apparel Inc., the struggling clothing chain, named Scott Brubaker as its interim chief executive officer, replacing Chief Financial Officer John Luttrell, who had assumed the position temporarily after the ouster of company founder Dov Charney.
American Apparel Inc. investor Lion Capital LLP plans to exercise its right to name a board member to the troubled retailer, according to a person familiar with the situation.
LOS ANGELES, United States — American Apparel Inc., the clothing retailer whose founder is fighting to regain control of the company, posted a preliminary second-quarter net loss of $15 million as it failed to boost sales.
LOS ANGELES, United States — American Apparel Inc., the controversial clothing chain that has battled sexual-harassment lawsuits, named the first woman to its board as part of a shake-up following the ouster of its founder last month.
LOS ANGELES, United States — American Apparel Inc's founder should know in the next few weeks whether he may return as an employee of the company, according to a source familiar with the situation.
LOS ANGELES, United States — Dov Charney’s future at the company he founded 25 years ago will come down to three people, and one of them already voted to fire him.