American Apparel

American Apparel a hipster darling no more as bankruptcy looms
August 20, 2010

Montreal - Dov Charney, a 41-year-old eccentric Montreal native, built into a global retail powerhouse in seven short years while taking substantial heat for his loose hiring policies, risqué ads and alleged sexual harassment of former employees. Now, with regulators breathing down his neck, lenders shying away and the chain warning it might not have enough available cash to keep operating another year, Mr. Charney could be forced to relinquish control of the company he built from the footless plush pantyhose up. “Dov Charney is at the moment of truth,” said Howard Davidowitz, chairman of Davidowitz & Associates Inc.,

American Apparel shares plummet again
August 19, 2010

Shares of American Apparel plummeted another 21% Wednesday, on top of a comparable drop the previous day, as the casual clothing chain said accounting troubles that have put it on the brink of closing have led to investigations.

SEC Investigates American Apparel's Auditor Swap
August 18, 2010

US fashion retailer American Apparel has received a federal subpoena and is also under investigation by the Securities and Exchange Commission relating to the circumstances of its change in auditors.

American Apparel's Future in Jeopardy
August 17, 2010

Casual clothing chain American Apparel, suffering a steep sales slump and manufacturing problems, warned Tuesday that it might default on loans and not be able to stay in business.

2010 Top 50 Supplier List
July 1, 2010

2010 Rank 2009 Rank Company 2009 Revenue 2008 Revenue Employees Locations Principal City, State 1 1 Broder Bros. $688,000,000 $903,000,000 - 19 Tom Myers, CEO Trevose, PA 2 2 Ennis $584,029,000 $610,610,000 5,200 40 Keith Walters, chairman/CEO Midlothian, TX 3 4/7 Norwood & BIC $410,000,000 n/a 2,300 7 Quenten Wentworth, Clearwater, FL Graphic North America…

American Apparel Announces NYSE Amex Acceptance of Plan of Compliance
June 29, 2010

Los Angeles-based American Apparel Inc., a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced that it received a letter from the NYSE Amex LLC (the "Exchange") that the Exchange accepted the company's previously submitted plan of compliance and, pursuant to such plan, has granted the company an extension until August 16, 2010 to regain compliance with its continued listing standards.

American Apparel Lender May Offer Lifeline
June 23, 2010

(Reuters) - Dov Charney's American Apparel is a staple of urban hipsters around the world for its colorful T-shirts, spandex leggings and other edgy, "Made-in-USA" retro apparel.

But what the company could really use is a suit -- that is, a button-down, business grown-up type to complement the outspoken, volatile Charney, according to a growing number of people on Wall Street.

Investors' patience with Charney, a self-described hustler and the company's founder and CEO, is waning as the eccentric apparel visionary finds himself in troubled financial situations time and time again, they say.

And yet, Charney may have pulled himself and the company out of another hole, by negotiating a key debt revision with its main lender. Sources close to the company said they fully expect American Apparel (APP.A) and its main backer, British-based private equity firm Lion Capital, to reach an agreement that will prevent the company from a looming debt covenant breach.