American Apparel

Dov Charney's American Apparel Rival May Open in 'Six Weeks'
April 12, 2016 at 5:07 pm

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 Warns It May Go Out of Business
August 19, 2015

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.

Taylor Swift, Apparel Brands Criticize Alibaba's Anti-Counterfeit Efforts
July 22, 2015

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 Faces Lawsuit, Layoffs
April 2, 2015

Dov Charney, founder and former CEO of American Apparel, is suing his former business—which fired him in December—for $40 million in damages.

American Apparel Terminates Charney, Names New CEO
December 17, 2014

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.