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.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)