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courtesy of American Apparel imageAmerican Apparel (NYSE: APP), already hammered by the dismissal of CEO and founder Dov Charney, may not meet the covenants of key loans which the retailer likely...
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The same hedge fund that forced the sale and breakup of Hostess Brands now aims to work the same trick on American Apparel. It may get what it wants, but it won't happen soon.
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When American Apparel ousted its CEO, the firing triggered a covenant on a $10 million loan that puts the loan into default. The board may have to take Dov Charney back to avoid the default.
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Saying that it will strengthen the company's ability to protect stockholders, American Apparel announced on Saturday that the company has adopted a one-year stockholder rights plan.
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American Apparel has hired an advisory firm to help it decide how to raise cash now that former CEO Charney is gone. Shares rallied 20%, but how long will enthusiasm last?
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American Apparel is about to be torn to shreds by the battle against ousted CEO Dov Charney. The company's financial situation is precarious, and it cannot stand the distraction of a long legal...
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Pity the shareholders of American Apparel. The business, known for making all its apparel in the United States and its edgy advertising, is struggling. Really struggling.
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Shares of American Apparel fell to an all-time low of $0.55 Friday, after a report on Thursday that the company had hired a law firm to help it figure out its restructuring options.
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thinkstockHere are today’s five biggest gaining stocks at closing: Osiris Therapeutics Inc. (NASDAQ: OSIR) is up 35.2% at $9.34. Endeavor International Corp. (NYSE: END) is up 28.8% at $3.53....
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U.S. equity markets opened higher this morning and it didn’t take long for the DJIA to blow past its all-time intra-day high of 14,198.10 (more coverage here). There was a little news and data to...
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Shortly after noon ET today, the three major US stock indexes have reversed course from their higher openings. The DJIA up more than 15 points at around13,193, the Nasdaq down less than 1 point at...
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For the first time since last August, shares of American Apparel Inc. (NYSE: AAP) have closed a trading day at $1/share. The clothing retailer has been under SEC scrutiny since May, but the...
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Calling on the death of a company is no fun task. Some companies cannot get it right and it is amazing how some companies can hold on to a status as a public company. 24/7 Wall St. has compiled a...
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The world of boutique apparel and retailing apparel is a boom or bust business it seems. Many companies start out great but either missteps occur or the trends move away from the original focus of...
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