Dov Charney, the ousted chief executive of American Apparel, boosted his holdings in the company to 43%, raising the stakes in the battle for control of the company. WSJ’s Suzanne Kapner reports on the News Hub with Sara Murray.
Tag: American Apparel
VIDEO: American Apparel Adopts Stockholder Rights Plan
American Apparel has adopted a one-year shareholder rights plan a day after its ousted CEO and founder Dov Charney made a bid to increase his control of the clothing chain. The Los Angeles-based retailer said early Saturday that the move, made by a special committee of its board of directors, is designed to limit the… Continue reading VIDEO: American Apparel Adopts Stockholder Rights Plan