Ousted American Apparel CEO Hands Over Stake to Hedge Fund

Outside an American Apparel store | Source: Reuters

NEW YORK, United States — Ousted American Apparel Inc. Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the company's future, two sources close to the matter said on Wednesday.

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Kris Van Assche Says Do What You Are Good At

Kris Van Assche | Photo: Bruno Staub

A decade ago, Kris Van Assche wanted nothing more than to have his own fax number. Today, the Belgian-born designer is a fixture of the Paris menswear establishment at the creative helm of both Dior Homme and his own brand, which, this season, celebrates 10 years in business.

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