Nov 28, 2017

Disgraced American Apparel Founder stages retail comeback

Christopher Matthews

Los Angeles Apparel founder Dov Charney. Photo: Reed Saxon / AP

Dov Charney, the former CEO of American Apparel who was ousted in 2014 amid accusations of sexual misconduct, is back in the retail game after the official opening of Los Angeles Apparel's first retail location, Women's Wear Daily reports.

Los Angeles Apparel was launched last year as a wholesale manufacturer of American-made apparel, and Charney has ramped up his operations by relying on the same retail buyers as American Apparel did during its rise to a $630 million company in the throughout the 2000s and in the early part of this decade.

Why it matters: Charney has been accused of the very same behavior that has derailed the careers of many big-name actors, politicians, and businessmen.

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Sara Fischer

Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.

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Jim VandeHei

The next American struggle: Waiting out the coronavirus

Illustration: Aïda Amer/Axios

There are now a lot of known knowns about the coronavirus: It's here, it's spreading, it's stressing hospitals, it's crippling the economy, it's slowed only by distance and isolation — and it's sure to get much worse before it gets much better. 

Why it matters: Similarly, there is a sameness to the patterns and known unknowns. So now we hit the maddening stage of waiting.

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Sara Fischer, Kim Hart

Coronavirus pushes traditional businesses into the digital age

Illustration: Aïda Amer/Axios

A slew of old-line industries that once hesitated to embrace digital technologies are now being forced to do so for the sake of survival.

Why it matters: Once consumers get used to accessing services digitally — from older restaurants finally embracing online ordering, or newspapers finally going all-digital — these industries may find it hard to go back to traditional operations.

Go deeperArrow1 hour ago - Economy & Business