American Apparel Opens Final Takeover Fight With Founder Charney
At a hearing this week in Delaware bankruptcy court, American Apparel Inc.’s fired chief executive officer Dov Charney will try to persuade the judge to throw out the company’s proposed reorganisation plan in favour of one that lets him return to the company he created.
In a partnership with resale service provider Reflaunt, the global logistics giant now offers a fulfilment, shipping and platforming solution for brand clients interested in entering the secondhand space.
The Golden State Warriors guard is rushing to capitalise on his athletic triumphs by bringing his brand off the court and on to the streets through his partnership with athletic-wear maker Under Armour Inc.
While GU, with slightly lower prices than Uniqlo and clothes aimed at younger clientele, has a solid presence in Japan, it’s less known in other major markets. Building its presence abroad is part of Fast Retailing founder Tadashi Yanai’s push to “become a true global player,” by first doubling annual profit to ¥5 trillion within a few years.