Why American Apparel Workers Didn’t Get Paid Last Week

Clothing retailer American Apparel has been having a rough go of things for the past couple of years: Young people falling out of love with its hipster-goes-to-aerobics look and sales tanking; founder and (former) CEO Dov Charney getting fired for alleged misconduct; a bankruptcy filing last year as sales continued to fall; then Charney trying twice to buy back the company he founded in 1989, bankrolled by investors who, as of this week, were willing to spend $300 million to reinstate him at the helm of the troubled company.