Dov Charney, former CEO of American Apparel, is looking to set up a rival shop in the backyard of the company he founded. Charney has been scouting factory locations around South Central Los Angeles, just a few miles away from American Apparel's downtown Los Angeles headquarters, according to Bloomberg. The new company, which has not yet been named, will…
American Apparel has "substantial doubt" it will stay in business, the company said Monday. The clothing brand has been struggling for some time, and news it's nearing collapse came as American Apparel reported a net loss of $19.4 million for last quarter. "We believe that we may not have sufficient liquidity necessary to sustain operations for the next 12 months," the company said in a press release. It also announced plans to reorganize its debt and extend an existing line of credit from $50 million to $90 million, though it expects to post losses for the remainder of the year.
The American Apparel & Footwear Association sent a letter to Alibaba's executive chairman last week, calling for major changes after having what the group called "unproductive conversations" regarding the removal of counterfeit items from its websites for the past four years. Even singer Taylor Swift is trying to rid Chinese e-commerce sites of her unauthorized products that range from perfume to autographed guitars bearing her name or likeness.
American Apparel, Los Angeles, announced another leadership appointment last week.
Dov Charney, founder and former CEO of American Apparel, is suing his former business—which fired him in December—for $40 million in damages.
Los Angeles-based American Apparel announced the addition of two employees this week.
The board of directors for Los Angeles-based American Apparel Inc. announced Dec. 22 its new chairperson and that it received a bid to acquire the company.
The board of directors for Los Angeles-based American Apparel announced yesterday its appointment of veteran fashion executive Paula Schneider as CEO—the first female to have that post at American Apparel. Dov Charney, the company's founder and former president and CEO who was suspended in June, officially has been terminated for cause in accordance with the terms of his employment agreement.
Thanks to two fabulous supplier sponsors, American Apparel and L.A. T Sportswear Inc., our company's children rocked the latest styles in casual wear in this playful video:
American Apparel confirmed that Iris Alonzo has been reinstated as senior creative director after her dismissal this summer.