Content about Charney

June 19, 2014

American Apparel’s board of directors has voted to remove Dov Charney as chairman and fire him as president and CEO.

American Apparel’s board of directors has voted to remove Dov Charney as chairman and fire him as president and CEO.

It is expected that the termination will be effective following a 30-day cure period required under the terms of Charney’s employment agreement.

For the time being, Charney is suspended from his positions as president and CEO, effective immediately, pending the expiration of the cure period. The board has appointed John Luttrell as interim CEO.

March 5, 2013

American Apparel reported that its net sales for the fourth quarter were up 10% to $173 million and comparable-store sales rose 7% for the same period.

LOS ANGELES — American Apparel reported that its net sales for the fourth quarter were up 10% to $173 million and comparable-store sales rose 7% for the same period.

Net income for the fourth quarter of 2012 was $4.9 million, or 4 cents per common share on a fully-diluted basis, compared with net loss for the fourth quarter of 2011 of $11.2 million or 11 cents per common share.