American Apparel isn't going bankrupt, shows full boobies now

Submitted by Eddie on Fri, 03/13/2009 - 13:23. American Apparel isn't going bankrupt, shows full boobies now

American Apparel was reportedly this close (small pinch action) to filing for bankrupcy as the whole 'paying your clothes makers a decent non-slave-wage thing' proved to be harder then originally brainstormed. An investor has saved the day buy purchasing an $80 million 20% stake in the company. The investor, Lion Capital, bought the right to purchase 16 million shares of AA at $2/share. Shares have since bounced 30%.

Also of note, I guess American Apparel has decided to ditch that whole 'nearly naked women' campaign for a much more effective 'pretty much completely naked women' campaign. Their new ads feature full frontal boobie.


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