The American Apparel Case
American Apparel - Economic Information
American Apparel was worth almost $1 Billion in late 2007 (~$996Million), but lost over a billion dollars, now being in a debt of $262 Million.
This year, American Apparel filed for Chapter 11 Bankruptcy Protection, and is still having an ongoing case. They are currently losing.
From 2010 to 2014, American Apparel’s debt increased by approximately 35%. Between 2012 and 2013, their debt increased by 25% alone.
The company’s total assets have decreased by 10% in 2013, and continued to drop for 2 years. Now, their rate is steady, but hasn’t increased.
Their former CEO and founder is regularly suing American Apparel ever since he was fired (December 2014) for damages, defamation and breach of contract.
Former co workers of Dov Charney (Former CEO and founder) are filing against American Apparel, …show more content…
2016)
Campaign Live 2012, American Apparel banned from running revealing ads, http://www.campaignlive.co.uk/article/american-apparel-banned-running-revealing-ads/1125655, (accessed 16 Feb. 2016)
Yahoo! Style 2015, American Apparel Ad ‘Banned’ in the UK for Being Too Provocative, https://www.yahoo.com/style/american-apparel-ad-banned-in-the-uk-for-being-113963194138.html, (accessed 16 Feb. 2016)
International Business Times 2015, American Apparel not so good for the environment, http://www.ibtimes.co.uk/american-apparel-not-so-good-for-the-environment-1492464, (accessed 17 Feb. 2016)
The Daily Beast 2014, American Apparel Stirs Up Controversy Again, http://www.ibtimes.co.uk/american-apparel-ad-banned-again-over-child-sexualisation-1492464, (accessed 17 Feb. 2016)
The Guardian 2015, American Apparel goes out of fashion and into bankruptcy, http://www.theguardian.com/business/2015/oct/05/american-apparel-goes-out-of-fashion-and-into-bankruptcy, (accessed 18 Feb.
American Apparel was worth almost $1 Billion in late 2007 (~$996Million), but lost over a billion dollars, now being in a debt of $262 Million.
This year, American Apparel filed for Chapter 11 Bankruptcy Protection, and is still having an ongoing case. They are currently losing.
From 2010 to 2014, American Apparel’s debt increased by approximately 35%. Between 2012 and 2013, their debt increased by 25% alone.
The company’s total assets have decreased by 10% in 2013, and continued to drop for 2 years. Now, their rate is steady, but hasn’t increased.
Their former CEO and founder is regularly suing American Apparel ever since he was fired (December 2014) for damages, defamation and breach of contract.
Former co workers of Dov Charney (Former CEO and founder) are filing against American Apparel, …show more content…
2016)
Campaign Live 2012, American Apparel banned from running revealing ads, http://www.campaignlive.co.uk/article/american-apparel-banned-running-revealing-ads/1125655, (accessed 16 Feb. 2016)
Yahoo! Style 2015, American Apparel Ad ‘Banned’ in the UK for Being Too Provocative, https://www.yahoo.com/style/american-apparel-ad-banned-in-the-uk-for-being-113963194138.html, (accessed 16 Feb. 2016)
International Business Times 2015, American Apparel not so good for the environment, http://www.ibtimes.co.uk/american-apparel-not-so-good-for-the-environment-1492464, (accessed 17 Feb. 2016)
The Daily Beast 2014, American Apparel Stirs Up Controversy Again, http://www.ibtimes.co.uk/american-apparel-ad-banned-again-over-child-sexualisation-1492464, (accessed 17 Feb. 2016)
The Guardian 2015, American Apparel goes out of fashion and into bankruptcy, http://www.theguardian.com/business/2015/oct/05/american-apparel-goes-out-of-fashion-and-into-bankruptcy, (accessed 18 Feb.