There can be many things said about the hipster label known as American Apparel and its remarkably pervy CEO Dov Charney. A lot of them not good. Regardless, though, the company makes some of the most comfortable basics. But it appears that may now be in question:WWD reports ,"the Securities and Exchange Commission dated Friday, the Los Angeles-based firm received an extension of its credit facilities with lender SOF Investments, which now have a maturity date of April 20. The debt was due on Jan. 18."
The three month loan extension will reportedly give American Apparel the opportunity to ,"pursue longer-term agreements with its lenders or consider financing alternatives." Still, this is fairly shocking, considering we thought everyone in California had tons of AA in their wardrobe. Oy.
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[via WWD]