American Apparel Dropped By Auditor

Filed Under: Icky Icky Poo Business Blitz Dov Charney American Apparel

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Even MORE bad news for American Apparel.

On top of being dangerously close to defaulting on a huge loan, AA's accounting firm Deloitte & Touche resigned as the clothing company's auditor.

After the announcement, American Apparel's stock slipped 14.4%, which may sound like a lot but since they've been having such a shiteous year the loss was only 26 cents.

Wonder what else will go wrong for Dov this year?

[Image via AP Images.]

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Posted: July 30, 2010 at 12:00 pm

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