Just a week after American Apparel officially bid adieu to its founder Dov Charney after a six-month suspension, the company confirmed it has been approached with a takeover offer that would reinstate the disgraced official. 

Bloomberg reports that the American Apparel board is evaluating a proposed takeover valued at $1.30 to $1.40 per share, which would translate to about $226 to $243 million.

The proposed deal, which was submitted by private equity firm Irving Place Capital,  would include bringing Charney back to the company in some capacity.

The New York Post first reported on Friday that Irving Place Capital had partnered with Charney, sending a letter to the American Apparel board reiterating their desire to acquire the company.

On December 16, American Apparel announced that Charney would officially leave the company after he was investigated for “alleged misconduct and violations of company policy.”

At the time, the company said “it would not be appropriate for Mr. Charney to be reinstated as CEO or an officer or employee.”

American Apparel had allowed Charney to stay on in a consultant capacity after its board suspended him on June 18 as the company’s president and CEO.

Back in June when Charney was first ousted, the company clarified that he was fired for allowing employees to be publicly shamed and for just being a jerk in general. Soon after he got the boot, a video hit the Internet that purportedly shows Charney dancing around naked in front of employees.

He’s being replaced by Paula Schneider, who starts her CEO gig effective Jan. 5, 2015.

In addition to replacing Charney, American Apparel announced on Monday that co-chairmen Allan Mayer and David Danzinger would step down from their roles. Current board member Colleen B. Brown will take over the position, Bloomberg reports.

American Apparel Confirms It Received Takeover Interest [Bloomberg]]

Charney plotting return to American Apparel [The New York Post]

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