American Apparel Names First Female Director in Board Shake-Up

American Apparel store | Source: American Apparel

LOS ANGELES, United States — American Apparel Inc., the controversial clothing chain that has battled sexual-harassment lawsuits, named the first woman to its board as part of a shake-up following the ouster of its founder last month.

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American Apparel’s Charney Loses Support of Some Factory Workers He Championed

LOS ANGELES, United States — Ousted American Apparel Inc head Dov Charney supported workers in the clothing industry with his stance in favor of immigration rights and determination to keep jobs in the United States, but some employees are not returning the favor.

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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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American Apparel Control War Escalates as Charney Adds to Stake

Ousted American Apparel CEO Dov Charney | Source: Reuters

NEW YORK, United States — Two weeks after an unceremonious ouster from American Apparel Inc., Dov Charney has a fighting chance of wresting back control of the clothing retailer he founded 16 years ago -- even as his opponents show no signs of backing down.

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American Apparel Finds CEO Misused Funds; Helped Discredit Employee

Ousted American Apparel CEO Dov Charney | Source: Reuters

NEW YORK, United States — An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassment, a person close to the matter said.

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American Apparel Bondholders Said to Hire Restructuring Advisers

American Apparel's Sochi Campaign, designed to draw attention to human rights concerns in the Russian Federation | Source: American Apparel

NEW YORK, United States — American Apparel Inc. bondholders hired Houlihan Lokey and Milbank, Tweed, Hadley & McCloy LLP as advisers in preparation for restructuring negotiations with the troubled retailer, two people familiar with the situation said.

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American Apparel Shorts Triple as Sales Growth Stalls

American Apparel | Source: American Apparel

NEW YORK, United States — Shorting American Apparel Inc. is back in style. After a period of steady sales growth and a rising stock price, the maker and seller of clothes worn by hipsters worldwide has hit turbulence. The retailer has posted three straight quarterly losses, and preliminary results it released show revenue fell in the most recent quarter.

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