• American Apparel: The Story Behind The Bankruptcy.

    American Apparel started out as an idea Dov Charney, the founder and long-time CEO, had in his Tufts University dorm room in 1989. The company started out as a wholesale retailer of high-quality cotton T-shirts. This proved to be extremely successful and the company quickly expanded to selling its manufactured goods in 260 shops in 19 countries. In 2005 it was listed among the fastest growing US Companies with a 440% three-year growth and revenues of over $ 211 million. The clothes manufacturer is known for its “Made in America” policy, which shuns the sweatshops of Asia to support US manufacturing. It is a vertically integrated company: all storefronts are…