Retailer American Apparel has started laying out its post-bankruptcy plans after filing for Chapter 11 protection October 5. The company was once valued at nearly $1 billion USD in 2007, but a recent analysis by investment bank Moelis & Company reveals that number has dwindled to somewhere between $180 and $270 million USD. At risk is the ongoing battle with founder Dov Charney, who was fired as CEO last year, but remains listed as one of the creditors. He was not present at the creditors meetin...
Retailer American Apparel has started laying out its post-bankruptcy plans after filing for Chapter 11 protection October 5. The company was once valued at nearly $1 billion USD in 2007, but a recent analysis by investment bank Moelis & Company reveals that number has dwindled to somewhere between $180 and $270 million USD. At risk is the ongoing battle with founder Dov Charney, who was fired as CEO last year, but remains listed as one of the creditors. He was not present at the creditors meetin...
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