Dov Charney’s ouster at American Apparel Inc. may bring out the bargain hunters.
American Apparel Inc. replaced Chief Executive Officer Dov Charney, who has faced accusations of sexual harassment, after an investigation into unspecified misconduct at the casual clothing maker he founded.
Mickey Drexler has amassed more than $350 million from the leveraged buyout of J. Crew Group Inc. even as he struggles to revive sales and restore the apparel chain’s fashion cachet.
In the end, not even the sales skills that helped Dov Charney turn a tiny T-shirt maker into a global apparel chain could save his job.
Gap Inc., which drew legions of young adults in the 1990s with classic khakis and swing-dancing ads, is again banking on young, hip customers to resuscitate its sales. Too bad they’re broke now.
American Apparel Inc.’s largest outside investor said he expects Chief Executive Officer Dov Charney to fight the company over his firing, which may be the prelude to a sale of the clothing maker.
Kate Spade wants to be Ralph Lauren.
Shorting American Apparel Inc. is back in style.
The back-to-school shopping season is off to a slow start as retailers and consumers wait to see who will blink first.
"The Street is looking at this as an opportunity for another CEO to run the company in a much more normalized fashion."
- Eric Beder on Jun 19, 2014