Market Overview

NY Post Reports American Apparel May Reinstate Dov Charney as CEO to Avoid Default

Related APP
Why Lemelson Capital Is Short On Ligand Pharmaceuticals
RadioShack Corporation Up As Hedge Fund Broadcasts Potential Bailout
American Apparel to Fire Founder, CEO Dov Charney (Fox Business)

American Apparel could reinstate ousted CEO Dov Charney, in order to avert the default that was triggered by the Board's removal of Charney, according to sources reported by the NY Post. The clothing company's bankers have reportedly told Lion Capital that it won't be able to issue new debt to meet the July 4 repayment deadline for the $10 million loan.

View full article http://nypost.com/2014/06/29/american-apparel-could-take-back-ousted-ceo...

Posted-In: NY PostNews Rumors Financing Management

 

Related Articles (APP)

Around the Web, We're Loving...

Get Benzinga's Newsletters