By and  on August 18, 2010

American Apparel Inc.’s future might be on the line, but chief executive officer Dov Charney is still selling.

The cash-squeezed retailer said Tuesday that it might not be able to continue as a going concern and that, without a concession from its lender, the company would likely trip a financial covenant next month, causing a potential cascade of debt repayments.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus