Archive for July, 2014


July 2, 2014 By Shan Li and Walter Hamilton Two weeks after his humiliating ouster from American Apparel Inc., Dov Charney’s seemingly doomed quest to take back the clothing company he founded has gained surprising traction. In an unorthodox move, the scandal-plagued Los Angeles chief executive borrowed nearly $20 million to boost his ownership stake […]

July 1, 2014 By Anne D’Innocenzio The battle for control of clothing chain American Apparel is heating up. Ousted American Apparel CEO Dov Charney has increased his stake in the clothing chain to nearly 43 percent as he fights to keep control of the company he founded in 1998. Charney was able to increase his […]

June 30, 2014 By Laurie Kulikowski As the boardroom drama continues unfolding at troubled retailer American Apparel (APP_), corporate governance experts are saying that there is no way the company can reinstate fired CEO Dov Charney. The New York Post is reporting that American Apparel may have to reinstate Charney in his position in order […]