NEW YORK (AP) — American Apparel Inc. announced late Wednesday it had reached a deal with investment firm Standard General to receive an investment of up to $25 million to bolster the clothing chain’s finances. […]
Today on Business Rockstars, Ken Rutkowski talks with founder and CEO of American Apparel, Dov Charney. A college dropout, he borrowed $10,000 from his father and used it to start his own clothing company. American Apparel now has 273 store locations, over 11,000 employees, and has revenues of over $540 million.