With another credit lifeline secured this week, Dov Charney has lived another day. However, industry observers are questioning how much longer the money losing American Apparel Inc. chairman and chief executive officer can keep running the clock on the retailer’s massive debt load before the company runs out of options — even while they admire Charney’s pluck.
“Dov keeps pulling another rabbit out of his hat, which I would say is pretty impressive for a small company,” said retail consultant Antony Karabus. “Many others would not have been able to continue to fight another day.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"