American Apparel appoints new board

American Apparel (NYSEMKT:APP) has appointed four new directors who will join the two remaining co-chairmen of its old board. The new board will take effect on August 2, after a required 10-day waiting period imposed by securities regulators.

The retailers new future took another interesting turn after the news of RadioShack (NYSE:RSH) CEO Joseph Magnacca's election to the board. Magnacca has served as CEO of the struggling electronics retailer since February 2013.

The new board faces a tough task of deciding whether fired CEO Dov Charney will return to the company in some capacity.

Comments (1)
  • vikramnjnjjdjnd
    , contributor
    Comments (1444) | Send Message
    This stock can hit $7 by next year and another $20 the next and so on. Don't be afraid. Be fearless when others are fearful. I just bought 100,000 shares and plan on buying more. Also I'm just kidding.
    24 Jul 2014, 12:52 PM Reply Like
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