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