.... The shortest answer is that the problems started when the company went public in 2007, and soon enough, all the qualities that Charney saw as his strengths – his unpredictability, his dizzying ambition, his notoriety – were liabilities in the context of Wall Street. American Apparel was also crushed with debt accrued from rapid over-expansion, despite raking in hundreds and hundreds of millions of dollars
a year, and Charney himself was costing the company money. ...
[Read full article on Guardian
Sunday 10th of September 2017 03:00:40 PM