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Stock Market & Financial Investment News

News Breaks
June 26, 2014
13:37 EDTAPPAmerican Apparel lender demands loan repayment, NY Post reports
Lion Capital has demanded immediate repayment of a $10M loan to American Apparel, forcing the retailer to raise funds to pay it off, New York Post reports. Reference Link
News For APP From The Last 14 Days
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July 6, 2015
08:47 EDTAPPAmerican Apparel announces phase in turnaround, $30M in cost cutting initiative
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June 23, 2015
07:17 EDTAPPAmerican Apparel unveils Dov Charney’s “sordid” behavior, NY Post reports
American Apparel disclosed “sordid details” of the investigation into founder and former CEO Dov Charney, who recently filed a defamation suit against the company, that resulted in his firing, the New York Post reports, citing a court filing. The filing says that the company found “voluminous evidence” that Charney had “sexual liaisons” with employees and models, exchanged pornographic emails and text messages, and took videos and photographs of these encounters using company property, the report says. Reference Link

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