"Charney founded the company 13 years ago. Today he owns a little over half of it – but he may well not after the end of the month.[...] Charney's cherished business model – his decision to make all the clothes at HQ in Los Angeles rather than in low-cost countries such as China, as encapsulated in his slogan "sweatshop free" – is approaching a crossroads." American Apparel's "financial fortunes have shifted dramatically and obviously. Charney blames a raid on his LA factory last year, in which it was discovered that 1,500 workers – almost one in three – was an illegal immigrant to the US. As a consequence of the raid, American Apparel struggled to keep the plant running."
Quotes: Why American Apparel is going out of fashion. By Stephen Foley. www.independent.co.uk
More info: American Apparel shares tumble 41% as same-store sales fall. By Andrea Chang. www.latimes.com
Immigration Crackdown With Firings, Not Raids. By Julia Preston. www.nytimes.com
American Apparel faces fresh crisis. By Allison Linn. msnbc.com
Ein interessanter Artikel über die finanziellen Schwierigkeiten American Apparels: www.independent.co.uk
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