As part of its continuing efforts to streamline costs and transform into a newer, leaner company after emerging from bankruptcy, a new report says American Apparel has slashed hundreds of jobs in its Southern California home recently, and may make some clothing outside of Los Angeles as part of an overall redesign of the production process. [More]
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Report: Dov Charney Creating Another Retail Chain In American Apparel’s Likeness
By 2.2.16
Now that Dov Charney’s dreams of owning American Apparel again have been totally and completely dashed, it’s time for a new plan: according to a new report, if he can’t have the company he founded, Charney is just going to start over with a new one. [More]
Judge Picks American Apparel’s Bankruptcy Plan Over Founder Dov Charney’s Buyout Bid
By 1.25.16
Dov Charney’s dream of buying back the company he founded would appear to be over: a U.S. judge said he will approve American Apparel’s plant to exit bankruptcy and rejected a takeover bid from the former CEO and his financial backers. [More]
American Apparel Rejects Takeover Bid From Former CEO Dov Charney & Pals
By 1.15.16
Dashing former CEO and founder Dov Charney’s dreams (for now), American Apparel’s board of directors has rejected the $300 million takeover bid he put on the table earlier this week with the help of financial backers. [More]
It’s Official: Former American Apparel CEO Dov Charney & His Pals Offer $300M For The Company
By 1.11.16
A report last week that said Dov Charney had teamed up with a financial backer to make a bid for his former company, American Apparel, has been confirmed. Though instead of offering up $200 million for the retailer, as orinaally reported, Charney and his ally have sweetened the deal, throwing $300 million on the table. [More]
Report: American Apparel Receives $200M Takeover Bid From Investor Backing Former CEO Dov Charney
By 1.8.16
Last month, we heard rumblings that American Apparel’s founder and former CEO Dov Charney was working with an investment firm to figure out a plan to buy the company out of bankruptcy. The chain said at the time that Charney hadn’t made any kind of formal offer. Today, a new report says an investor working with Charney has offered up a takeover bid of more than $200 million for American Apparel. [More]
American Apparel Founder Not Ready To Give Up Yet, Hires Investment Bank To Work On Bid For The Company
By 12.4.15
Now that American Apparel has filed for bankruptcy after losing money for years, there’s at least one very interested party possibly looking to swoop in and snap it up: the company’s founder and former CEO Dov Charney isn’t going to let the small matter of his termination from the company get in his way, and has hired an investment bank to help him put together a potential bid. [More]
Bankrupt American Apparel Turns To Same Hedge Fund That Helped RadioShack
By 10.7.15
At first glance, American Apparel and RadioShack don’t seem to have much in common: one uses provocative advertisements to sell leggings, T-shirts and other clothing items, while the other focuses more on the sale of wireless and electronic products. Unfortunately, the things the two companies do have in common aren’t so great: both have suffered through years of slumping sales that eventually led them to, separately, file for bankruptcy protection. And that means they could soon share a common hero in hedge fund Standard General. [More]
American Apparel Files For Bankruptcy Protection
By 10.5.15
Two months after American Apparel admitted it didn’t have enough financing to continue operations for another year, the retailer says things haven’t gotten better and it’s filed for Chapter 11 bankruptcy. [More]
American Apparel Says It Doesn’t Have Enough Financing To Continue Operations Next Year
By 8.12.15
Between lawsuits, investigations and pressure from investors, American Apparel has its fair share of troubles over the past year and a half. But things don’t look to be getting any better for the retailer, as it announced today it doesn’t have enough financing to continue operations for another year. [More]
American Apparel Closing Some Stores, Launching New Line In Turnaround Effort
By 7.6.15
For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to its former funky glory. [More]
American Apparel Outlines Graphic Allegations Against Founder Dov Charney In Recent Court Filings
By 6.23.15
After getting fired from American Apparel in December for “alleged misconduct and violations of company policy,” former CEO and founder Dov Charney is not going down without a fight. The company is now responding to a recent slew of defamations lawsuits he’s filed against it, outlining some pretty graphic allegations in recent court filings. [More]
American Apparel Founder Dov Charney Under Investigation By SEC
By 3.26.15
Any hope founder of American Apparel Dov Charney had of returning to the company may have gone out the window this week, after it was revealed that the Securities and Exchange Commission opened an inquiry into the circumstances leading to his departure. [More]
American Apparel Employees File Complaints Against Company For Alleged Intimidation, Silencing Tactics
By 3.6.15
It has not been an easy road for American Apparel after firing founder and former CEO Dov Charney last year: Charney announced in December that he’s trying to plan a comeback, and now two complaints filed by workers allege that the company is intimidating its workers and trying to keep them from talking to the media about the company’s troubles. [More]
American Apparel Confirms Ousted Founder Dov Charney Trying To Return Via Takeover
By 12.22.14
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. [More]
American Apparel Officially Fires Founder Dov Charney After 6-Month Suspension
By 12.16.14
After removing CEO Dov Charney from his post back in June, American Apparel says it’s officially finished with the company founder. After investigating Charney for “alleged misconduct and violations of company policy,” the company said “it would not be appropriate for Mr. Charney to be reinstated as CEO or an officer or employee.” [More]
American Apparel CEO Fired For Allowing Public Shaming Of Employees, Generally Being A Jerk
By 6.23.14
Last week, the board of American Apparel fired the company’s founder and CEO Dov Charney under the vague cloud of “misconduct,” leading some to wonder if any of the numerous sexual harassment claims made against the controversial businessman had been proven true. But the board’s explanation for his dismissal seems to indicate that the company just got sick of him being a jerk who costs them a lot of money. [More]
Report: Video Shows Ousted American Apparel CEO Dancing Naked In Front Of Employees
By 6.20.14
It would be easy to say it’s been a tough week for American Apparel founder and former CEO Dov Charney, but let’s be serious: Getting the boot from your company’s board and then dealing with a video that allegedly shows you dancing around with your private bits out in full view of alleged employees… well, that’s more than a tough week. You know, on top of a plethora of past sexual harassment lawsuits and a reputation for bawdy, bad behavior and near-bankruptcy. [More]
