×
67 386
Fashion Jobs
ON RUNNING
Sales Representative
Permanent · BOSTON
MACY'S
Manager, Merchandise Execution
Permanent · New York
MACY'S
Asset Protection Officer, Goodyear - Full Time (2840)
Permanent · Goodyear
MACY'S
Asset Protection Detective, Cross County - Full Time
Permanent · Yonkers
MACY'S
Asset Protection Detective, Bay Fair - Part Time
Permanent · San Leandro
MACY'S
Asset Protection Detective, Queens Center - Part Time
Permanent · New York
MACY'S
Manager, Operations
Permanent · Miami
MACY'S
Asset Protection Detective, Thousand Oaks - Part Time
Permanent · Thousand Oaks
MACY'S
Manager, Operations Sun-Wed 6:30pm-5:00am
Permanent · Portland
MACY'S
Asset Protection Detective, Rosedale Center - Full Time
Permanent · Roseville
TJ MAXX
Overnight D/C Loss Prevention Specialist
Permanent · Pittston
ROSS STORES
Store Protection Specialist
Permanent · Novato
ROSS STORES
Store Protection Specialist
Permanent · Dallas
TAPESTRY
Area Manager
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative - Cosmoprof
Permanent · Ottawa
ASCENA
Part Time Manager Ann Taylor Factory Birch Run, mi
Permanent · Birch Run
ASCENA
District Manager - Ann Taylor, il/mi
Permanent · Lockport
ASCENA
District Manager, Ann Taylor Loft Factory Outlet - Georgia
Permanent · Peachtree City
NORDSTROM
Program Manager 2 - Price Strategy
Permanent · Seattle
NORDSTROM
General Manager- Cafe Nordstrom- Downtown Portland
Permanent · Portland
NORDSTROM
Area Manager - Training - Portland, or
Permanent · Portland
NORDSTROM
Operations Manager Outbound – Sat-Mon 6pm-6am Shift – Elizabethtown, PA
Permanent · Elizabethtown
By
Reuters
Published
Jul 7, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

American Apparel in talks to pay off loan, replace board

By
Reuters
Published
Jul 7, 2014

NEW YORK - American Apparel Inc is in talks with Standard General, the New York-based hedge fund that controls 43 percent of the company's stock, to secure funding that would let the retailer pay off a $10 million loan and replace its board except for two co-chairmen, the Wall Street Journal reported on Sunday.


AmericanApparel.com

The loan from Lion Capital came due after the board ousted Dov Charney, American Apparel's founder and former chief executive officer.

Citing unnamed sources, the Wall Street Journal said that Standard General is awaiting the results of an investigation into Charney's behavior. Should he be cleared of wrongdoing, Charney could remain with the clothing and accessories company, though perhaps not as its CEO, the newspaper reported.

Charney was fired in June over accusations that he misused corporate funds and for his alleged role in disseminating nude photos of an ex-employee.

Reuters reported on July 3 that Charney had handed over his stake and voting rights in the company to Standard General to let it negotiate with independent directors to determine the company's future.

Neither American Apparel nor Standard General returned calls for comment.

The retailer's stock has fallen 29.3 percent for the year to date.

© Thomson Reuters 2022 All rights reserved.