Dov, Dov, Dov, denial ain't just a river in Egypt you know. The paedo-a-like American Apparel CEO is pleading ignorant as to just how much financial shit the rapidly failing company is; "I don't know anything about it" he told The Cut. Coupled with the fact AA were "unable, without unreasonable effort and expense," to file their quarterly accounts report on time for the three months that ended June 30, there appears to be only one way our once beloved basic separates company is headed and that's straight to the bankruptcy courts.

Poor internal business decisions, the steadily increasing alienation of hipsters resentful of paying for overpriced neon leggings and as TRR put it once before - the karmic comeuppance of a sexual predator CEO all make for a date with disaster. To put it bluntly, our affair with American Apparel is long over...

Posted on August 12, 2010 at 6:24:37 by The Real Runway