As American Apparel flirted with bankruptcy, suffered declining sales, got sued by Woody Allen, lost many of its workers following an immigration raid, and defended yet more sexual-harassment lawsuits, Dov Charney's performance was apparently so stellar he deserved a bonus.
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!
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.
