American Apparel is changing its way of doing business. The troubled hipster clothier — so renowned as a soft touch for shoplifters that Shoplifting From American Apparel is a novel that exists — is cutting perhaps the last tie to its earlier, looser, corporate culture. It is installing radio-frequency ID tags on all…
There are more details today on the arrest of Italian garment magnate Tonino Perna, who once ran IT Holding, a former apparel industry giant that collapsed in 2008:
Dov Charney would like you to know that he is still kicking around. He spent a day in Toronto with a writer for the magazine Flaunt, and in the resulting 6,000-word piece he comes across as alternately petulant, clever, impassioned, self-absorbed, and utterly unaware of his own encroaching irrelevance.
American Apparel released its earnings report for the first three months of 2011 yesterday. It will probably come as no surprise to you that the numbers are...bad.
American Apparel announced last night that it won't file its latest quarterly financial report on time. It's the second quarter in a row that this has happened, and if the company misses another deadline on Monday, it could be delisted.