American Apparel Inc. said weak trends in its business and pressure to meet obligation to lenders "raise substantial doubt that the company will be able to continue as a going concern."
The firm, headed by chief executive officer Dov Charney, said that barring a concession from its second lien lender, it would likely not meet the requirements of its minimum consolidated EBITDA covenant by Sept. 30.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)