American Apparel (2012)
THE REASON: The retailer reached the brink of bankruptcy, and 24/7 Wall St. noted there was no indication that it has gained anything more than a little time with its latest financing. It didn’t help that founder and CEO Dov Charney had been a defendant in several lawsuits filed by former employees alleging sexual harassment.
TODAY: In June, American Apparel voted to replace Charney as Chairman and notified him of its intent to terminate his employment as President and CEO for cause. And, not for nothing, but its sales and operating margins are still way down… Stay tuned.
| Click below for the brands: |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |