Tag: Charney

American Apparel Finally Files for Bankruptcy After Crazy Ride But Plans Total Restructure

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This has been the apparel saga of the decade as the bumpy ride of American Apparel, a teen retail favorite with more than 230 stories that revolutionized the concept of first-layer fashion and more, finally announced on Sunday, October 4, 2015 that they were filing for Chapter 11 bankruptcy. In their statement, $90 million in […]

Dov Charney, Former American Apparel CEO, Sues Standard General LP

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The ongoing saga of the fate of American Apparel continues, this time with former CEO Dov Charney suing Standard General LP, controllers of the brand, of false claims that he was fired based on an independent investigation by an outside law firm. According to Charney, it’s a “sham.” According to the complaint filed at the […]

American Apparel Hires Band of Outsider’s Joseph Pickman, Goes After Guy Fashion

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More changes once again have been announced from American Apparel, as today, April 7, 2015, it was announced that Joseph Pickman, formerly from the Band of Outsiders, has been chosen by CEO Paula Schneider to head-up the men’s design team. If any of his new designs look like Band of Outsiders, we can expect some […]

More American Apparel Drama—Bigger Capital Fund Needs More Info Regarding Dov Charney Ouster, Take-Over Bid in Consideration

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It looks like the ouster of American Apparel founder Dov Charney is under question. The 6th largest investor of America Apparel, Bigger Capital Fund, is questioning the amount of information that was given to investors before making the final decision to fire Charney. According to Bigger Capital, in a letter from Bloomberg News, there was […]

Dov Carney, Founder of American Apparel, Is Fired

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Former CEO and founder of American Apparel, Dov Charney has officially been fired by the Board of Directors as of Tuesday, December 16, 2014. The board said he was terminated “for cause in accordance with the terms of his employment agreement.” Paula Schneider will take over as CEO in January 5, 2015. We’re pleased that […]

American Apparel Saga Update: Dov Charney Gains Stocks, Standard General In Greater Control

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Former CEO and founder of American Apparel, Dov Charney has new strategies towards getting his brand back after being ousted by his board on June 18, 2014. First, just 2 weeks after getting pushed out, Charney borrowed $20 million from Standard General to move his ownership from 27% to 43%. At the time, Randy Katz, […]

American Apparel’s CEO and Founder Dov Charney Ousted by the Board for Misconduct—Fate of Beloved Teen Brand on Hold

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On Wednesday, June 18, 2014, Dov Charney, the out-spoken founder and CEO of American Apparel, was ousted by his board of directors. The reason was because of the ongoing investigations of misconduct towards women. “This is not easy, but we felt the need to do what we did for the sake of the company,” Allan […]

American Apparel Has Record-January Sales; Predictions for Growth via Online Significant

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American Apparel remains a leader when it comes to youth culture preferences and as it continues to move into various style categories beyond its roots of T-shirts and first layer pieces, consumers are moving along right with the brand. On February 7, 2013, the vertically integrated brand based in downtown Los Angeles reported a comparable […]

Warriors of Radness Bought by American Apparel—Dov Charney and Rick Klotz Spill What They Think of the New Relationship

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While American Apparel has had its serious ups and downs, it’s still known as a company that’s changed the face of the “blanks” fashion apparel, moving from T-shirts made in downtown Los Angeles, to an enormous array of styles from bikinis to skirts, jackets, and leggings. Now, the $600 million dollar brand and it’s vertically […]

Retail Round-up: American Apparel Appoints Former Blockbuster Exec as President; Fast Retailing’s Uniqlo Reduces Forecast; Sneak-Peak of Lanvin for H&M

Latest from the basics brand American Apparel and fast-fashion giants Uniqlo and H&M both of which continue to capture the attention of youth culture globally.