American Apparel denied a report by a private equity and deals news website that the clothing chain was looking for a buyer. Get the full story »
American Apparel
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American Apparel says it’s facing Chapter 11 — or 7
Los Angeles-based retailer American Apparel Inc. warned that it could seek Chapter 11 bankruptcy protection, or even be forced to liquidate under Chapter 7, as its financial woes deepen. Get the full story »
American Apparel CEO seeks end to sex slave case
American Apparel owner Dov Charney at a rally in Los Angeles in 2009. (Reuters/Mario Anzuoni/Files)
A woman who brought a $250 million sexual harassment lawsuit against American Apparel Inc. Chief Executive Dov Charney could be forced to take the case to arbitration, rather than pursue it in court.
A Brooklyn, N.Y., judge said at a hearing Friday that she may dismiss the lawsuit, which accused Charney of keeping a teenage saleswoman at the company as a sex slave. Get the full story »
American Apparel names new president
American Apparel Inc said on Friday it has named Tom Casey as acting president. Get the full story »
American Apparel’s future is in jeopardy
An American Apparel clothing store in Los Angeles. (Lawrence K. Ho/Los Angeles Times)
Casual clothing chain American Apparel, suffering a steep sales slump and manufacturing problems, warned Tuesday that it may also default on loans and may not be able to stay in business.
The Los Angeles-based clothing maker, which in Illinois has locations in Chicago, Evanston, Oak Brook and Schaumburg, said it may default on loan agreements with its lenders, cited ongoing weakness in its business.
If that happens, the company said it may not have sufficient liquidity to stay in business for the next 12 months. Get the full story »
