Charney and the BOD are the result of APP's poor performance.
Pic shows Charney sliding down into a woman's cleavage...
Bloomberg Businessweek Has A Brilliant Response To The Downfall Of American Apparel CEO Dov Charney
HAYLEY PETERSON0JUL 10, 2014, 08.44 PM
American Apparel CEO Dov Charney was fired from his position as CEO in mid June because of an ongoing investigation into allegations of misconduct.
Since then, he's been scrambling regain control of his company.
Bloomberg Businessweek has released a scathing story on his downfall with a provocative cover featuring an image of him plunging into a woman's décolletage.
The story is titled "The Fall of the Sleaze King."
The cover was inspired by the famous Esquire cover of Andy Warhol drowning in a can of tomato soup.
Check it out:
Well, the website for BODY is a whole lot better than the APP website. APP needs to trash their present website and start anew along with clothing designers.
Does Walmart carry American Apparel for MEN? If so I'll take a ride over there to check it out. I hope that the clothing line for men is not provocative. I'm too old for that.
Part 2 of article:
REAGAN (voice-over): Joe Rosenberg is anxious to do what he can to help Wal-Mart (NYSE:WMT) grow sales and traffic, one box of sustainable garbage bags at a time.
For NIGHTLY BUSINESS REPORT, I’m Courtney Reagan in Bentonville, Arkansas.
MATHISEN: Wal-Mart (NYSE:WMT) isn’t alone in needing to grow sales. Late today, the Container Store reported weak earnings, revenue, and issued soft guidance. Its he CEO went so far to call it a, quote, “retail funk”, that the weakness isn’t just due to the weather and calendar shift but an overall tepid environment that other retailers are also experiencing. That sent shares of the Container Store sharply lower after the bell.
Nightly Business Report
Transcript: Tuesday, July 8, 2014
COURTNEY REAGAN, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): More than 900 meetings took place between small businesses, manufacturing products in the U.S., and the world’s largest retailer today in Bentonville, Arkansas.
Wal-Mart (NYSE:WMT) is looking for vendors with products at least 90 percent made in the U.S. to add to store shelves and online as part of a 10-year, $250 billion commitment to support domestic products and jobs.
Joe Rosenberg, vice president of sales of garbage manufacturer Aluf Plastics, travelled to Arkansas from New York to participate in the retailer’s Made in the USA open call. Wal-Mart’s version of shark tank.
Rosenberg said it went even better than he hoped.
JOE ROSENBERG, ALUF PLASTICS: This will take us to the next level. Doing business with Wal-Mart (NYSE:WMT) will really put us on the map, it will give us the ability to grow our company even more.
REAGAN (on camera): While getting a distribution deal with Wal-Mart (NYSE:WMT) offers an incredible opportunity for suppliers who are pitching in the rooms behind me, the company has seen sales decline for five straight quarters and the stores open a year here in the U.S.
Wal-Mart’s U.S. CEO says while the unemployment rate is at the lowest in six years, Wal-Mart’s core consumer isn’t a part of that job growth.
BILL SIMON: The unemployment numbers particularly have been difficult to read with the number of people dropping out of the workforce, and I think it’s going to take a while, six months or a year for those numbers to balance out. Hopefully, after six years, we’re starting to gain a little traction in the U.S. and that traction is coming at the top end. I think the middle and down is still pretty challenged.
FIVET sold a bundle of shares which had to have been a great loss for them. Gee I wonder how much they lost on their sale. I know it's a rite-off but still it is a loss.
I hope that they find good reason to get back in.
According to Quicken as of today's close I'm up 11.64%.
Wall Street not all that impressed with the new arrangement between the three parties so it's up to us little guys to buy big-time to drive the stock price up in order to get some attention for our beloved Company.
I believe that next week will be a pretty good week for APP.... don't ask me why....
With the latest news it sounds like all parties are working together for the benefit of all. I hope that the new CEO and the BOD are going into this agreement with their eyes wide open not really trusting anyone. As Ronny said "trust but verify".
This is what was saId (more or less) on Bloomberg this
This guy charney needs to stop molesting his female workers and get his hand out of the APP till.
Charney found himself a sleaze-ball lawyer to represent him why can’t we find a lawyer to represent us in a class-action-lawsuit against him. Maybe if he kept his hands out of the APP till this Company “may” have turned a profit over the last few months.
Below clipping from the NY Post:
"Ousted American Apparel CEO Dov Charney has found a new backer in a bid to amass a controlling stake in the company.
New York investment firm Standard General LP has agreed to loan Charney money to enlarge his 27-percent stake in the retailer, according to a Friday securities filing.
If Standard General is able to buy at least 10 percent of the company’s shares, it will effectively hand control of those shares to Charney under a complex loan agreement, according to an amended 13-D filing with the Securities and Exchange Commission."
There is more find the link.
Here they are again today with another Financials/PR report trying to entice investors to buy more shares. Forget these reports and spend more time on that liver.
Organovo Financials/PR reports are overdue. Organovo gave us an update on June 18, 16, 12, 10, May 27, 16, April 29, 10. I didn't go beyond April. We need another Financials/PR report to get our stock price up. What say guys?
It’s not just Dov that has to go it’s their entire clothing design department that has to go also. Look at the cheesy #$%$ they have on their website. It looks like a site for #$%$.
It’s good that Dov found himself good, high morals, woman’s rights attorney to help him defend his lascivious actions.