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,…
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Deal Gives Hedge Fund Control Of American Apparel
by Staff •
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…