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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.
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Category:Consumer Goods and Services
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