Firing Dov Charney Has Not Solved American Apparel’s Problems

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Wringing its hands over whether it should have fired him and whether he should be un-fired in some capacity isn’t helping.

The company, which has been without a permanent chief executive ever since, reported a net loss of $19.2 million, or 11 cents a share, most of which was nonrecurring costs, including $5.3 million in legal and other costs connected to Mr. Charney’s departure.

Investigation of Charney Adds to Loss at American Apparel [NYT]
American Apparel Loss Widens on Weaker Sales [WSJ]

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