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#1
06-10-2015, 08:30 AM
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American Apparel has filed for bankruptcy
An honorable member of the Coffee Shop Has Just Posted the Following:
it has got itself into trouble in all kinds of ways. In 2009 the American immigration authorities found evidence that it was employing undocumented workers and forced the company to sack 1,500 people, which disrupted production. Its “edgy” advertising sometimes involved models who looked too young and were wearing too little. It also had to issue shares to pay down its debt, which contributed to the drop in their value from $15 in 2007 to $0.67 today. http://www.economist.com/blogs/schum...erican-apparel Click here to view the whole thread at www.sammyboy.com. 
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