This week, Dov Charney’s dismissal from American Apparel was made official. The troubled CEO, whose tenure at the brand he created has been tarnished by claims of sexual abuse and mismanagement of funds, still owns a 45 percent stake in the company, although the board is determined to cut ties completely.
No one expects Charney to let the company he built slip away so easily, so it was certainly not a surprise to hear that the former American Apparel boss has reportedly teamed with investment firm Irving Place Capital, in hopes of buying back the company. According to The Business of Fashion, Charney has a few people in his corner, too — 30 executives from the company drew up a letter asking the board not to terminate him.
It seems Charney will do anything to make sure he is still tied to American Apparel and we don’t blame him. After all, he is the company’s founder.
[via The Business of Fashion]
