American Apparel faces fresh crisis

this is a shame; I like the fact that they make all their products in the US even if they have been accused of some discrimination


For clothing maker American Apparel, allegations that the company makes staffing decisions based on appearance may turn out to be the least of its concerns.

The company, known for its signature T-shirts, sexualized ads and controversial chief executive, recently reported that its quarterly operating loss had more than quadrupled from a year earlier, and warned that it risks defaulting on a credit agreement. The news sent its stock price, already trading in the low single digits, tumbling.

American Apparel is now scrambling to work out a deal with a major lender, Lion Capital, which also owns an approximately 18 percent stake in the company. The company has warned that by the end of June it likely won’t be able to meet the debt-to-earnings ratio that is required under its agreement with Lion Capital.

http://www.msnbc.msn.com/id/37837189/ns/business-us_business/

they wouldn't have such concerns.

To hell with 'em--why should I buy from an American company that can't hire fairly? I'll even give them a little sway on the "appearance" part but some of it toes the line at racism and sexism or even steps way over it. American companies should set an example, not be the lesser of two evils.

:nopity: