Why Isn't American Apparel Beset By Activists?
- added May 2, 2008
- 1 response
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- meligrosa
- added this
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I can openly say that I have never purchased from AA.
As much as I can't stand them nor support/praise/sport the gear, people seem to have a love/hate relationship with them which is great.
Whichever your feeling is, this article (and tis response) is quite interesting (for various rea$on$...
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(dont forget to read the comment (at the bottom) from:
Adrian Kowalewski _Director, Corporate Finance & Development responds.
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excerpts from article (link has full info/various subjects)
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"While their "no sweatshop" line and their dedication to the social benefits of manufacturing in one of the most expensive states in the Union is a nice marketing piece, it is also very expensive. Expect it to get more so if immigration officials continue to sniff around.
"In one ad, a woman spreads her legs for the camera in company stockings and underwear on a white bed -- Mr. Charney's bed. Mr. Charney found himself at the center of four lawsuits from former employees, all alleging sexual harassment. One was dismissed and two others were settled out of court."
"Then of course there is the fact that Charney holds a majority of common. Ousting him outright is unlikely to be particularly effective (he looks like a scorched earth kind of CEO to me). But the company doesn't need him removed, just the addition of some adult supervision and a better balance sheet. Not enough to stifle it, but to keep matters at least mostly in hand. After all, breaking covenants is very, very naughty- and its not the kind of rebellion that sells hot pants."
As much as I can't stand them nor support/praise/sport the gear, people seem to have a love/hate relationship with them which is great.
Whichever your feeling is, this article (and tis response) is quite interesting (for various rea$on$...
- -
(dont forget to read the comment (at the bottom) from:
Adrian Kowalewski _Director, Corporate Finance & Development responds.
- -
excerpts from article (link has full info/various subjects)
-
"While their "no sweatshop" line and their dedication to the social benefits of manufacturing in one of the most expensive states in the Union is a nice marketing piece, it is also very expensive. Expect it to get more so if immigration officials continue to sniff around.
"In one ad, a woman spreads her legs for the camera in company stockings and underwear on a white bed -- Mr. Charney's bed. Mr. Charney found himself at the center of four lawsuits from former employees, all alleging sexual harassment. One was dismissed and two others were settled out of court."
"Then of course there is the fact that Charney holds a majority of common. Ousting him outright is unlikely to be particularly effective (he looks like a scorched earth kind of CEO to me). But the company doesn't need him removed, just the addition of some adult supervision and a better balance sheet. Not enough to stifle it, but to keep matters at least mostly in hand. After all, breaking covenants is very, very naughty- and its not the kind of rebellion that sells hot pants."
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Keep an eye out for the next episode of SuperNews. We examine Dov Charney's empire with the help of a confused and scared anthropomorphic t-shirt.
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- Super_Josh
- 5 months ago
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