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.
LOS ANGELES, United States — Ousted American Apparel Inc head Dov Charney supported workers in the clothing industry with his stance in favor of immigration rights and determination to keep jobs in the United States, but some employees are not returning the favor.
NEW YORK, United States — Ousted American Apparel Inc. Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the company's future, two sources close to the matter said on Wednesday.
NEW YORK, United States — Two weeks after an unceremonious ouster from American Apparel Inc., Dov Charney has a fighting chance of wresting back control of the clothing retailer he founded 16 years ago -- even as his opponents show no signs of backing down.
NEW YORK, United States — An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassment, a person close to the matter said.
LOS ANGELES, United States — American Apparel Inc., facing looming debt payments, plans to sell $30.5 million of its common stock, giving the retailer more of a financial cushion to turn around the unprofitable business.
NEW YORK, United States — American Apparel Inc. bondholders hired Houlihan Lokey and Milbank, Tweed, Hadley & McCloy LLP as advisers in preparation for restructuring negotiations with the troubled retailer, two people familiar with the situation said.
NEW YORK, United States — Shorting American Apparel Inc. is back in style. After a period of steady sales growth and a rising stock price, the maker and seller of clothes worn by hipsters worldwide has hit turbulence. The retailer has posted three straight quarterly losses, and preliminary results it released show revenue fell in the most recent quarter.