American Apparel's legal issues have taken to a downwards spiral. After a tedious high-profile battle with Canadian founder and former CEO Dov Charney over a string of accusations, HUH. reports the clothier is facing a record £12.8 million GBP (approximately $19.5 million USD) in losses and an 87% drop in share prices. As a result, the clothing manufacturer has officially filed for U.S. bankruptcy protection. Situations like this can either be a blessing or a curse. On the upside, the retailer ...
American Apparel's legal issues have taken to a downwards spiral. After a tedious high-profile battle with Canadian founder and former CEO Dov Charney over a string of accusations, HUH. reports the clothier is facing a record £12.8 million GBP (approximately $19.5 million USD) in losses and an 87% drop in share prices. As a result, the clothing manufacturer has officially filed for U.S. bankruptcy protection. Situations like this can either be a blessing or a curse. On the upside, the retailer ...
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