American Apparel founder Dov "Pants-optional" Charney has been repeatedly sued for sexual harassment and he masturbated in front of a reporter. One wonders what their lenders think of this. Well, turns out they're into eating sushi off naked chicks' bodies.
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.
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.
It's hard to know what to make of Tamara Mellon. On the surface, she's a cunning businesswoman with the savvy to serve simultaneously as a brand figurehead. Or, possibly, a cunning brand figurehead with the ability to appear business-savvy.