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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
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September 30, 2014
18:21 EDTAPPAmerican Apparel board open to letting ousted CEO Charney stay, Bloomberg says
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September 29, 2014
08:37 EDTAPPAmerican Apparel appoints Scott Brubaker as interim CEO, Hassan Natha as CFO
American Apparel announced the appointment of Scott Brubaker as Interim CEO and Hassan Natha as Executive Vice President and CFO, effective immediately. Brubaker is a Managing Director at Alvarez & Marsal, and replaces John Luttrell as Interim CEO. Natha, who replaces Luttrell as CFO, has more than 20 years of experience in finance with both public and private companies, including service as Chief Financial Officer at Fisher Communications, Inc. and Jones Soda Company. John Luttrell, who had been serving as Interim Chief Executive Officer and Chief Financial Officer, is resigning from the company.

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