Sketchy Billionaire Dumps A Chunk Of American Apparel Shares

Ex-Bill Clinton B.F.F., improbable modelizer, and owner of the private jet known as "Air Fuck One" Ron Burkle bought $6 million worth of American Apparel shares last summer. Then the stock price pretty much plummeted. Now he's reducing his stake. » 1/26/11 5:44pm 1/26/11 5:44pm

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