American Apparel Inc. investor Lion Capital LLP plans to exercise its right to name a board member to the troubled retailer, according to a person familiar with the situation.
LOS ANGELES, United States — American Apparel Inc., the clothing retailer whose founder is fighting to regain control of the company, posted a preliminary second-quarter net loss of $15 million as it failed to boost sales.
LOS ANGELES, United States — American Apparel Inc's founder should know in the next few weeks whether he may return as an employee of the company, according to a source familiar with the situation.
LOS ANGELES, United States — Dov Charney’s future at the company he founded 25 years ago will come down to three people, and one of them already voted to fire him.
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.
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.
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.
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.
BoF compiles the most important professional moves of the week.
Prada’s Spring Collection Lands 48 Covers (Fashionista) “Last season it was Miu Miu, specifically that one appliqued dress, that kept appearing on cover after cover. This season, Prada’s spring 2011 is sweeping the glossy covers… So far Prada’s colorful stripey bananas collection has seen 48 covers (that we’ve counted) and starred in countless editorials.” He’s Only Just Begun to Fight (NY Times) “To many,
“A lot of assumptions that I grew up with are no longer reality. Those were things that we could rely on: that lenders will always be there, that they’ll behave ethically and they’ll always have money, that you can trust that as the sun comes up the consumer will be healthy, that we’ll always be close to full employment in developed nations. Now there are no certainties.” Dov Charney, speaking to Bloomberg