American Apparel CEO Dov Charney is one of the most controversial -- and hyperactive -- entrepreneurs in the country.
Despite allegations of sexual harassment, immigration issues for some of his workers and financial troubles at his company, Charney has also been called a hero for making his business a purely "made-in-America" operation.
To really understand how Charney functions, "Nightline" went to the American Apparel factory in downtown Los Angeles, where Charney, 43, led a frantic, high-speed tour. Every hop, skip and step of the way, he reveled in the thrumming, throwback business of making clothes in the USA.
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In 1996, I was a sophomore in high school. Of course I thought I knew everything about…well, everything. Actually, that’s not entirely true. After giving it two minutes, I recalled something I didn’t understand back then and, admittedly, I still don’t understand it to this day. Of course, I’m talking about the lyrics to “Wannabe” by the Spice Girls (you know…girl power and all of that).
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American Apparel Inc. announced preliminary sales for the month and quarter ended March 31, 2012. The company reported that for the month ended March 31, 2012, total net sales increased 15 percent to $49.0 million when compared to the month ended March 31, 2011.
American Apparel Inc. celebrated its 15th anniversary on March 29, and State Assemblyman Gil Cedillo and Los Angeles City Councilmember José Huizar, who each represent American Apparel's district, turned out for the ceremony at the vertical retailer's headquarters in downtown Los Angeles.
"You created an example and a model," Cedillo said to a delegation of American Apparel workers gathered at the ceremony. "We can create a profitable business in the United States that makes products for China and Latin America." Cedillo applauded American Apparel for its acts of support for immigrants, who make up much of the company's work force.
Promo Marketing has learned that Dov Charney, chairman and CEO of American Apparel, has signed an agreement to continue in his role with the company for the next three years.
This week, American Apparel announced an $80 million line of credit to increase liquidity and reported positive fourth quarter and full year results.