The CEO of American Apparel Paula Schneider says, “This is the start of a new day at American Apparel.” This is in regards to them (as expected) exiting Chapter 11 Bankruptcy at the end of last week. So ends any value to stock that was held and they are now a privately held company, American…
There is an interesting article at brandchannel.com about Dov Charney, now that he appears to be permanently ousted from the company he started, American Apparel. They report that an investment firm may back him in starting a new garment company. Their advice is basically don’t be bitter and grow up. Not bad advice I suppose…but…
The New York Times has reported that a bankruptcy judge in the American Apparel bankruptcy reorganization case has ruled out Dov Charney’s 11th hour appeal for a different plan and this will leave Señor Charney out of the company on all levels. The Times reported however, “The judge expressed sympathy for Mr. Charney. “I have no…
The New York Times this morning is reporting that American Apparel has filed for bankruptcy. It always is a scary word, this “bankruptcy,” but at least two big equipment manufacturers and one big garment company in our industry have gone through it and come out as very strong companies afterward. There really should different words, but instead…
Bloomberg News is reporting a possible take-over bid of American Apparel by a group that would re-install Mr. Dov Charney as CEO (and resident irreverent creative dude.) The group making the offer is led by Chad Hagan who says of American Apparel and Charney: “American Apparel is a proven viable business model that needs to be…
This is an American Apparel idea for a shirt for employees to wear on Black Friday in their retail stores. It was meant to be funny and for people to ask for an extra discount they are offering. Several commentators including The Cut call them out and say the new regime at American Apparel is…
Several sources today say that American Apparel has filed for Chapter 11 bankruptcy. This does not affect screen print shops, don’t get your (skimpy American Apparel) panties in a bunch over it. Without giving it much thought I can think of at least five large companies in our industry that have been through Chapter 11.…
If you want to buy a luxury item, you have to pay heavily for it, right? A Tesla or a high end Mercedes is going to cost you 100K and a basic VW or Ford will cost less than 20K new. 80K for luxury. If you want a little luxury in your garment life, you…
April 22 is Earth Day. Happy Earth Day! Earth Day started in 1970. There are some real great proponents of environmentalism in our industry. Some simple advice on Earth Day: – use the greenest products you can and when you use them, do it responsibly. A great example is to use roll adhesive which will…
This Jezebel article details worker unrest and changes at American Apparel in the wake of CEO and founder Dov Charney being ousted from the company. Certainly you don’t want to see anyone lose their jobs, that is a reality that too many Americans have already experienced all around them. However, the question can also be,…
