The iconic clothing company American Apparel is in financial trouble.
This is the company that Montrealer, Dov Charney started by making T-shirts and leggings right here in North America at a time when most clothing manufacturing had moved to China.
That appealed to its hip, young customers.
Now American Apparel is carrying over $120 Million in debt, its auditor Deloitte & Touche has resigned and the American Stock Exchange has threatened to delist the company.
Dov Charney is CEO and founder of American Apparel.