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American Apparel to start closing UK stores American Apparel to start closing UK stores
(35 minutes later)
One of American Apparel’s flagship stores, in London’s Covent Garden, is to be closed along with four other UK shops.One of American Apparel’s flagship stores, in London’s Covent Garden, is to be closed along with four other UK shops.
The embattled US fashion retailer is thought to have appointed retail property specialist Kitchen La Frenais Morgan to dispose of its stores in Bristol, Leeds, Liverpool, Nottingham and the store on Neal Street in Covent Garden, Property Week reported (£). The embattled US fashion retailer is thought to have appointed UK retail property specialist Kitchen La Frenais Morgan to dispose of its shops in Bristol, Leeds, Liverpool, Nottingham and the store on Neal Street in Covent Garden, Property Week reported (£).
This will leave the clothes chain, known for its controversial ads, with four stores outside London – in Brighton, Birmingham, Glasgow and Manchester – although their future too is understood to be under review. This will leave the chain, which became known for its Made in the USA clothes, as well as its controversial ads, with four stores outside London – in Brighton, Birmingham, Glasgow and Manchester – although their future too is understood to be under review.
The Los Angeles-based retailer will hold on to its other nine stores in London, alongside a concession in department store Selfridges.The Los Angeles-based retailer will hold on to its other nine stores in London, alongside a concession in department store Selfridges.
Struggling to repair its battered reputation and finances, American Apparel appointed four new directors, including its first female director, to the board in July. The board shake-up was one of the conditions imposed by investment firm Lion Capital in return for a $25m (£15m) funding boost. The company is investigating alleged misconduct by its founder Dov Charney, who was ousted by the board in June. He is still acting as a consultant to the brand. Struggling to repair its battered reputation and finances, American Apparel appointed four new directors, including its first female director, to the board in July. The board shake-up was one of the conditions imposed by investment firm Lion Capital in return for a $25m (£15m) funding boost. Last month American Apparel appointed turnaround specialist Scott Brubaker as interim chief executive and replaced its finance chief.
The company is investigating alleged misconduct by its founder Dov Charney, who was ousted by the board in June. He is still acting as a consultant to the brand.
Kitchen La Frenais Morgan declined to comment, while American Apparel could not be reached for comment.Kitchen La Frenais Morgan declined to comment, while American Apparel could not be reached for comment.