1. Dov Charney is Preparing a $300 Million Takeover Bid for American Apparel

    Dov Charney is Preparing a $300 Million Takeover Bid for American Apparel

    Dov Charney, the founder and former CEO of American Apparel who was kicked out of the company by his own board in 2014, is preparing a $300 million bid to buy the company back and reinstate himself as CEO. Charney is backed by Hagan Capital Group and Silver Creek Capital Partners, and their private equity unit PressPlay Group, according to a press release seen by Business Insider. The company ...

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    1. Dov's creativity, entrepreneurialism, and dedication are the cornerstone of American Apparel. Removing him from the Company's board and leadership was a shortsighted mistake and we are seeing the results of this error unfold in the declining performance of the Company today.
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