American Apparel

American Apparel Names New Interim CEO
September 29, 2014

American Apparel announced this morning that it has named Scott Brubaker as its new interim CEO, effective immediately. Brubaker will replace John Luttrell, who was the company's chief financial officer and took over the CEO position after founding CEO Dov Charney was removed from the position in June.

Dov Charney Fights to Regain Control of American Apparel
July 2, 2014

Dov Charney, the ousted chief of American Apparel, is forcing a stunning showdown with the company's board, full of twists and turns that few could have predicted when he was fired just two weeks ago.

Experts now say that Mr. Charney may have a real shot at regaining control of the company he founded.

"The board, on its own, suspends its chief executive, who then turns around and manages to acquire or control enough of the vote such that they might be able to come back and throw out the mutineers," said David E. Rosewater ...

American Apparel Board Suspends Dov Charney as CEO
June 19, 2014

The Board of Directors of American Apparel yesterday voted to replace Dov Charney as chairman and notified him of its intent to terminate his employment as president and CEO for cause. It is expected that the termination will be effective following a 30-day cure period required under the terms of Charney's employment agreement.

American Apparel Announces Pricing of Public Offering of Common Stock
March 27, 2014

American Apparel Inc. announced this week that it priced an underwritten public offering of 61,000,000 shares of its common stock at a price to the public of $0.50 per share. The company intends to use the net proceeds of the offering to fund working capital and for general corporate purposes, including its April 2014 cash interest payment on the company's senior secured notes.

American Apparel Strikes Marketing Gold in Sochi
February 7, 2014

Could Sochi turn into a sea of bright red hoodies, scarves, beanies and duffel bags? If so, American Apparel may have pulled off one of the greatest ambush marketing campaigns in Olympics history.

The Los Angeles-based brand, which has no official sponsorship ties to the upcoming winter events in Sochi, has launched a line of merchandise based on the Olympic charter’s Principle 6, which states that "Sport does not discriminate on grounds of race, religion, politics, gender or otherwise.”

Several activist groups recruited American Apparel and spearheaded the Principle 6 campaign to protest Russia’s anti-gay laws.