Between lawsuits, investigations and pressure from investors, American Apparel has its fair share of troubles over the past year and a half. But things don’t look to be getting any better for the retailer, as it announced today it doesn’t have enough financing to continue operations for another year. [More]
restructuring plans
![American Apparel Closing Some Stores, Launching New Line In Turnaround Effort](../../consumermediallc.files.wordpress.com/2014/12/american-apparel.png)
American Apparel Closing Some Stores, Launching New Line In Turnaround Effort
For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to its former funky glory. [More]