The clothing brand American Apparel is practically synonymous with racy marketing: Imagine billboards and full-page spreads of young women in compromising positions wearing a single article of clothing, and shot in polaroid-style.
Now imagine that a high-powered M&A lawyer was handed the reins to be CEO of such a company. Would the lawyer’s proverbial ‘risk-averse’ instincts kick in, or would everything be executed more thoughtfully and carefully?
It’s no longer just a thought experiment: In September, onetime general counsel Chelsea Grayson took over as CEO.
As GC, Grayson saw the company through its chapter 11 bankruptcy and helped engineer the debt for stock swap ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.