American Apparel founder in deal to attempt to purchase 10% of company stock In a regulatory filing, American Apparel founder Dov Charney said he may purchase 10% or more of the company's stock via funds loaned to him from Standard General LP. Charney said he will continue to urge the company to take the necessary steps to increase the value of the stock as well as make changes to the board.
American Apparel to make interest payment on bonds, Bloomberg says According to sources retail chain American Apparel will make an interest payment on its bonds, says Bloomberg. American Apparel will make a payment of about $13M by today’s due date, added Bloomberg. Reference Link