Home Videos Photos Shop
PerezHilton CocoPerez Beyoncé Trump Angelina Jolie Katy Perry PerezTV

American Apparel In Danger Of Defaulting On Loan!

| Filed under: Business BlitzDov CharneyAmerican Apparel

americanapparelbuilding__opt.jpg

Yikes!

After posting a first quarter loss of $17.6 million, American Apparel is thiiiis close to breaching it's second-lien loan of $80 million from Lion Capital.

If Dov Charney & Co. don't come get their shiz together by June 30, the company may default which would prevent them from borrowing under their credit facility.

Hopefully they can sort their issues out or there's going to be lots of angry hipsters.

[Image via AP Images.]

Tags: , , , ,

Celebrities Who've Been Dropped By Major Brands & Retailers
Celebrities Who Love Prostitutes!
10 Biggest Box Office Flops Of 2016!
Celebrities With Cookbooks!
Celebs Who Own Bars & Restaurants!
She-E-Os -- The Baddest Boss B*tches In The Game

Comments are closed.