Hedge Funds

Hedge Fund Has Fixed Everything At American Apparel

That or its relative Dov-Charneylessness. Or the thankless work put in by the old board. Or who the hell knows what? All Standard General knows is, things are looking up.

For the quarter ended June 30, American Apparel reported a loss of $16.2 million, or nine cents a share, compared with a year-earlier loss of $37.5 million, or 34 cents a share.

Sales were essentially flat at $162.4 million.

American Apparel Posts Narrower Loss [WSJ]