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Stock Market & Financial Investment News

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June 26, 2014
07:23 EDTAPPAmerican Apparel CEO issues deeper than headline-making antics, WSJ says
Allegations of sexual antics from American Apparel CEO Dov Charney have commanded the headlines, but his ouster is predicated on issues he contributed to that saw the business fall into "almost complete disarray" and lurch "from one crisis to another," said The Wall Street Journal, citing people familiar with the situation. Among the "several bottlenecks that plagued the fashion chain" were issues that started after Charney began signing all of the company's checks early this year, according to the report. Reference Link
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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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