Market Overview

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

Related APP
American Apparel to Recapitalize through Consensual Pre-arranged Chapter 11 Reorganization
11 Infamous Corporate Social Media Blunders

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

Posted-In: NY PostNews Rumors Financing Management


Related Articles (APP)

View Comments and Join the Discussion!