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]
takeover bids
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]
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]
