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American Apparel Agrees to $25M Cash from Shareholder, Charney to Return

In People, Reports, What's New by Accessories StaffLeave a Comment

People

Los Angeles—He’s back. Yes, Dov Charney the controversial and recently ousted chief executive at American Apparel, will return to the company as a consultant. That’s part of the deal announced late Wednesday: financially strapped American Apparel made a deal with its largest shareholder, New York hedge fund Standard General, for …

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American Apparel Ousts Controversial CEO Dov Charney

In People, Reports, What's New by Jeff PrineLeave a Comment

People

Los Angeles—Dov Charney, the flamboyant, controversial chief executive officer of American Apparel–who has been the subject of lawsuits and sexual misconduct allegations–finally got his comeuppance. On Wednesday, after American Apparel’s annual meeting, the board of directors decided to strip Charney of his chairman/chief executive roles, suspending him immediately and terminating …