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American Apparel is being pushed to consider selling the company

2014-12-31 00:41:46| Apparel - Topix.net

The Wall Street Journal reported last night that hedge fund Lion Capital, which previously lent money to American Apparel, is pressing the company to consider strategic options, including selling the company. According to people close to the matter, Lion Capital urged the board, led by Brown, to create a special committee "to evaluate strategic alternatives" in a letter on Sunday.

Tags: the company american selling

 

American Apparel to Cut Hours at Los Angeles Factory -NY Post

2014-12-29 20:30:47| Apparel - Topix.net

American Apparel Inc. is planning to sharply reduce hours at its Los Angeles factory as a money-saving tactic, reports the New York Post . The slowdown could result in layoffs lasting weeks for thousands of the retailers garment workers, according to sources.

Tags: post los hours american

 
 

Why American Apparel Inc.'s Dov Charney Isn't the Next Michael Dell or Steve Jobs

2014-12-29 16:23:06| Apparel - Topix.net

The once and future CEO? Dov Charney was fired from American Apparel, but he's trying to engineer a return to his company. Just like Steve Jobs, right? Maybe not.

Tags: jobs american michael dell

 

Blue Bird Introduces Stability Technology to North American School Bus Market with Bendix ESP Full-Stability System

2014-12-29 11:32:29| Industrial Newsroom - All News for Today

Bendix Advanced Safety System Is First Stability Technology to Be Offered as Factory-Installed Option on School Buses in North America ELYRIA, Ohio - The Bendix ESP Electronic Stability Program full-stability system, a proven commercial vehicle technology that helps mitigate or possibly prevent loss-of-control...

Tags: system technology north american

 

Lion Capital Sends Letter To American Apparel Urging It To Explore Options: Source

2014-12-29 03:29:44| Apparel - Topix.net

The letter also said that Lion Capital would nominate Lyndon Lea, one of its founders, to the clothing retailer's board of directors to replace one of its previous designees, Gene Montesano. Lion Capital, a former lender to the retailer, has the right to nominate two of American Apparel's nine board seats.

Tags: options source american capital

 

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