John Luttrell news and archive

American Apparel appoints financial advisor

Fashion retailer American Apparel has retained investment banking advisory firm Peter J. Solomon Company toensure “adequate access to capital”. The decision to hire a financial and strategic advisor follows last week’s ousting of chief executive Dov Charney which the board of directors stated could trigger “an event of default under its credit...

Fashion

American Apparel ousts controversial CEO

The board of fashion retailer American Apparel has ousted its controversial founder and chief executive officer Dov Charney, citing an “ongoing investigation into alleged misconduct”. The board voted on Wednesday to suspend Charney effective immediatelyand notified him of their intention to terminate his employment as president and CEO, which...

Fashion

American Apparel, Quo Vadis?

Having avoided the bankruptcy for the umpteenth time, facing the biggest challenge ever to cope with its tumbling finance and border lining pornographic advertising as every chance they got. American Apparel is yet giving it another try with the appointment of John Luttrell as its CFO. As reported within US markets, American Apparel’s titles...