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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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August 2, 2015
20:51 EDTAPPAmerican Apparel to vacate certain LA property, sees saving $2.1M annually
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July 27, 2015
07:22 EDTAPPAmerican Apparel close to bankruptcy, NY Post reports
American Apparel is on the brink of bankruptcy, the New York Post reports. The retailer is currently short on cash reserves and faces a large bond payment in less than three months, all in addition to piling legal bills over the Dov Charney lawsuit over alleged sexual harassment, the report says. Investors are bracing themselves for all-out bankruptcy when the company releases its quarterly earnings, the report adds. Reference Link

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