Home › Uh-Oh! Is American Apparel Running Short of Cash?
 

Keywords :   


Uh-Oh! Is American Apparel Running Short of Cash?

2015-01-08 19:06:11| Apparel - Topix.net

Still stumbling badly from the upheaval caused by the firing of founder and former CEO Dov Charney, American Apparel is now delaying payments to its suppliers, the New York Post reported last week Bet you didn't factor in this The company is supposedly taking upward of 60 days to pay vendors, which has made factoring firms -- private finance companies that purchase unpaid invoices at a discount so the companies they're buying them from get an immediate influx of cash -- wary of extending too much additional credit. As a result, American Apparel's suppliers are seeing their financing opportunities diminished.

Tags: short american running cash

Category:Consumer Goods and Services

Latest from this category

All news
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
05.11Shoppers warned over luxury advent calendar scams
05.11Xumo teams up with Target to offer Hisense Xumo TVs
05.11KT launches 8K AI-powered IPTV set-top box
05.11Primark owner profits jump despite summer washout
05.11Boeing strike ends as workers back 38% pay rise deal
05.11Green energy plan needs 600 miles of power lines - report
Consumer Goods and Services »
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
05.11Shoppers warned over luxury advent calendar scams
05.11Durable Floor Coating from HMG Paints Transforms FC United\'s SMRE Bar
05.11Teknos Poland Honored by Farby i Lakiery
05.11Xumo teams up with Target to offer Hisense Xumo TVs
05.11KT launches 8K AI-powered IPTV set-top box
05.11Tropical Storm Rafael Graphics
More »