A Financial Scandal At American Apparel?

American Apparel's auditors resigned abruptly this summer, after announcing they had no confidence in the company's accounting structures or the reliability of its results. Now the ex-auditors have written to the SEC to dispute aspects of American Apparel's latest filing. » 12/23/10 5:15pm 12/23/10 5:15pm

American Apparel Saved From Bankruptcy — For Now

American Apparel's main lender has agreed to cut the company a break. That just leaves a Department of Justice investigation, an accounting scandal, an SEC investigation, avoiding delisting, late quarterly filings, plummeting sales, and overall un-profitability on the to-do list! » 10/04/10 3:27pm 10/04/10 3:27pm

Five Things American Apparel Could Do To Save Itself

Nobody's favorite t-shirt company is facing hard times. Loans are coming due. Financial reports are five months late. Sales are falling. Auditors are quitting. Stock prices are plummeting. Investors are investigating. But Dov Charney maybe can still turn things around. » 8/17/10 5:30pm 8/17/10 5:30pm

American Apparel's Finances Are Getting Even Worse

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. » 8/11/10 3:36pm 8/11/10 3:36pm

American Apparel's Bankruptcy Is Inevitable

Things have gone from bad to worse for the pants-optional C.E.O. and his t-shirt company. To put it nicely, it's highly probable that the retailer will go bankrupt — and soon. Bluntly: American Apparel is probably fucked. Here's why. » 7/30/10 5:05pm 7/30/10 5:05pm