American Apparel CEO Increases Stock, Company Hires Development Officer

By Kyle A. Richardson

The Los Angeles Times is reporting that Dov Charney, CEO and chairman of the board of American Apparel, has purchased an additional 1.8 million shares of the company's stock.

The purchase, which was above market price at $1.11 per share, increased Charney's stake in the company to 54 percent. American Apparel's stock price jumped 9 percent on the news Monday.

1 2 3 All Next »

0 Comments

View Comments

Companies:
American Apparel

People:
Dov Charney

Kyle A. Richardson Author's page

Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.

American Apparel CEO Charney Increases Stock, Company Hires New Business Development Officer