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Stock Market & Financial Investment News

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July 6, 2014
15:49 EDTAPPLion Capital demands Charney reinstated to American Apparel, Bloomberg says
Lion Capital, an investor in American Apparel, is threatening to call in a $10M loan it made to to the retailer unless ousted CEO Dov Charney is reinstated, says Bloomberg. According to the report, Lion is in discussions with another American Apparel investor, Standard General, to make its case that Charney's return will benefit the business in the short term. Lion said it will file a notice to accelerate payment of the loan before U.S. markets open tomorrow if it is not satisfied with Standard General's response, added Bloomberg. 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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