A Guide to American Apparel: Scandal, Controversy, and the Move into Chapter 11 Bankruptcy
American Apparel faces yet another year under public scrutiny after their decision to file for Chapter 11 Bankruptcy in early October, following the ousting of founder and former CEO Dov Charney in December 2014. This move, also known as “reorganization bankruptcy,” will see “the elimination of over $200 million of its bonds in exchange for equity interests in the reorganized company,” according to a statement […]