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American Apparel CEO’s Ouster Likely Tied To New Information In Sexual Harassment Suits

Sources dismiss reports the company is up for sale. They say the newly surfaced video of Dov Charney dancing nude with a potential employee wasn’t part of the board’s decision. View this image › Bloomberg/Bloomberg American Apparel’s board is “hopeful” that shareholders and lenders will understand why they decided to oust its visionary, albeit mercurial,…

Deal Gives Hedge Fund Control Of American Apparel

The retailer’s board will mostly be replaced as Standard General lends up to $25 million to the company. There’s a still a chance Charney could return as CEO. View this image › Bloomberg/Bloomberg Thanks to a deal with hedge fund Standard General, American Apparel’s Dov Charney has managed to replace most of the board that…