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American Apparel's very public toils and troubles continue. While the Downtown-based company's store employees are backing up their officially ousted leader, the basics brand may not find the same support from its factory workers, who'll see a workload cut in the next few weeks, reports the New York Post (h/t to Business Insider).
Per the NY pub, the LA-based label's ledgers are seeing red thanks to "a holiday discounting strategy that fizzled," resulting in "a slowdown at its Los Angeles factory to conserve funds." Post reporter James Covert goes on to reveal that American Apparel's manufacturing facilities in DTLA, Southgate, and Garden Grove will be affected by the move, which comes on the heels of major bills racked up by that recent legal battle with former CEO Dov Charney.
At this point, we can hardly keep track of the complicated ménage à trois among American Apparel, Charney, and Standard General, the NY hedge fund that allegedly "betrayed" the brand's the controversial creator, but you can read the full story at the Post here.
· Cash-Strapped American Apparel to Slash Factory Hours [NY Post]
· American Apparel [Official Site]
· American Apparel Fires CEO Dov Charney For Misconduct [Racked]
· Dov Charney Gives Zero Effs About 'Made in America' [Racked Nat'l]
· American Apparel Suggests Nasty Gals, Nicki Minaj for H'Ween [Racked]