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"Lion Capital has enormous admiration for both American Apparel and its founder, Dov Charney," said Lyndon Lea, founder and partner of Lion Capital. "We are working together with Dov to realign the capital structure of American Apparel to support a number of key initiatives within the business, including the hiring of several new senior executives. We wholeheartedly support the company's 'Made in USA' philosophy under which 7,000 industrial workers in downtown Los Angeles are paid a fair wage. We are particularly impressed by Dov's passion and energy, and have complete confidence in the American Apparel brand and its business model as an integrated manufacturer and retailer."
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- Companies:
- American Apparel
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