Dov Charney News
American Apparel , Once Worth Nearly $1 Billion, Is Now Bankrupt
American Apparel , once a juggernaut in the fashion industry, is now bankrupt, a precipitous fall for a company that was once worth $1 billion. The California-based company filed for Chapter 11 protection in Delaware today. As part of a deal with lenders, the company said it will continue operating
How Dov Charney Is at War With Company He Created
Act 2: Newly appointed CEO Paula Schneider says the company lost over $300 million in the last five years.
Ex-American Apparel CEO Denies Sexual Harassment Accusations
Act 1: "I've never engaged in any activities that could be characterized sexual harassment," Dov Charney said.
Former American Apparel CEO Dov Charney Speaks Out for First Time Since Ouster
For the first time since his ouster, former American Apparel CEO Dov Charney is talking publicly about being at war with the company he built and overcoming a reputation tarnished by allegations of sexual misconduct and mismanagement. "I want everybody to know I’m not 'the Sleaze King Charney told
American Apparel Founder Fights Back
Okay. It's Friday December 19 the markets in New York are open and big number this morning to a 44 million. That's the amount cash strapped for each other American Apparel is worth according to reports to take over bid diamond the company at a dollar forty share. The funny part about who is behind
As Ruble Struggles, Apple (AAPL) Suspends Online Sales in Russia
Russia’s economic and financial crisis is getting even worse and threatens to spiral out of control as the value of its currency falls. Now, Apple has halted online sales of its products in Russia. “Due to extreme fluctuations in the value of the [ruble] , our...
American Apparel Re-Hires Fired Founder as Consultant
American Apparel has agreed to a temporary truce with ousted founder Dov Charney, including re-hiring him as a "strategic consultant." Soon after Charney was fired last month for alleged misconduct, Charney and his attorney accused the retail company's board of directors of illegally firing him.
Dialing Up Problems? Samsung's Profits Plunge
Morning Money Memo: One of the business world’s biggest success stories in recent years may be set for some unhappy chapters going forward. South Korea’s Samsung Electronics is facing a third straight decline in quarterly profits. While the company remains the world’s largest seller of...
American Apparel Apologizes After Mistakenly Posting Challenger Photo
Employee 'Unfamilar' with Disaster Re-posted the Photo of the Challenger Explosion
Ousted American Apparel Founder Eyes New Suit
Morning Money Memo… Dov Charney plans to fight his ouster as CEO and chairman of American Apparel. Charney’s lawyer accused the board of directors of illegally firing him last week, says The Los Angeles Times. In a 5-0 vote the board agreed to replace Charney...