New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:59 EDTAPPAmerican Apparel CEO firing paves way for potential sale, NY Post says
After American Apparel replaced Dov Charney as chairman and notified him of its intent to terminate his employment as president and CEO for cause, the New York Post reported that insiders believe that the change at the top paves the way for a potential sale of the company. Sources said Charney’s personal conduct with women was among the longstanding issues that contributed to the move, and that the change does not appear to be related to troubles with the company’s operations, the Post added. Reference Link
News For APP From The Last 14 Days
Check below for free stories on APP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2014
18:05 EDTAPPAmerican Apparel names four new board members, including one woman
Subscribe for More Information
13:13 EDTAPPAmerican Apparel hopes to resolve Dov Charney situation by August, Reuters says
Subscribe for More Information
July 18, 2014
17:25 EDTAPPStandard General working with American Apparel to restructure loan
On July 16, Lion/Hollywood assigned its rights and obligations as a lender under the credit agreement dated as of May 22, 2013 by and among the company, the facility guarantors party thereto, Lion/Hollywood as the initial lender and the other lenders party thereto to Standard General. Standard General purchased the loan in order to resolve any disputes over any alleged events of default under the credit agreement and does not believe that there has been an event of default under the credit agreement. Standard General is working with American Apparel to restructure the loan. As previously discussed on July 11, Standard General is prepared to lend its credibility and capital resources to assist American Apparel in accordance with the support agreement described therein.
July 17, 2014
18:43 EDTAPPAmerican Apparel investor close to buying Lion's $10M loan, Bloomberg says
Subscribe for More Information
09:47 EDTAPPAmerican Apparel shareholders says firm endured 'serious damage' to reputation
Subscribe for More Information
06:47 EDTAPPStandard General plans American Apparel future without ex-CEO, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use