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Stock Market & Financial Investment News

News Breaks
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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October 22, 2014
06:45 EDTAPPAmerican Apparel brings back creative director Alonzo, WWD reports
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