Paula Schneider news and archive

American Apparel files for Chapter 11 once more

London - American Apparel has voluntarily filed for Chapter 11 bankruptcy protection in the United States once more, less than a year after it emerged from its first filing under court protection. The second bankruptcy comes as American Apparel agrees to sell its its global intellectual property rights related to the brand and certain assets to...

PeopleFeatured

American Apparel loses another CEO; Paula Schneider exits

Los Angeles - Another one bites the dust. Fashion retailer American Apparel has undergone a couple of massive changes over the past few years, including executive changes. Most recently, the Los Angeles-based company’s chief executive Paula Schneider has confirmed she will be leaving her post effective October 3. Schneider joined the company two...

Fashion Featured

Timeline: The American Apparel saga continues with whispers of a sale

American Apparel has found itself under the spotlight once more, as news emerges that its new owners and former creditors have hired investment bank Houlihan Lokey to investigate options for a sale. A potential sale would come six months after the LA-based retailer exited its Chapter 11 Bankruptcy and kicked started its restructuring scheme,...

BusinessFeatured

The 'big loser' of American Apparel's filing for Chapter 11 is Dov Charney

London - American Apparel has found its way into the media spotlight once more as news broke the troubled fashion retailer filed for bankruptcy protection on Monday. The fashion company, which filed for Chapter 11 in the US Bankruptcy Court in Delaware this morning, aims to reorganise its debt - a move set to hit the company's ousted founder,...

Business

American Apparel taps Moelis & Co. to explore strategic options

A week after Los Angeles-based fashion retailer American Apparel confirmed a possible takeover bid, rumours have emerged the retailer has hired investment bank Moelis & Co. to investigate strategic options for the company's future. According to WWD, sources familiar with the matter Moelis & Co. will review the retailer's current capital...