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American Apparel: New CEO and plans to sell

USA – As of January 5, 2015 Paula Schneider is the new CEO of American Apparel. The fashion director has many years of experience in the retail trade and has held top management positions for diverse US labels. Schneider is taking over the reins of the highly indebted textile group from the interim CEO, Scott Brubaker. At the same time, American Apparel and its company founder Dov Charney are officially going their separate ways. Charney ws fired in June 2014 for possibly sexually harassing female employees and has since been working as a consultant for American Apparel on a fee-paid basis. He is still the largest shareholder of American Apparel and according to media reports is still eager to rejoin the company.

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Furthermore, as American Apparel also confirmed, the textile manufacturer has aroused the interest of investors. For example, the company has allegedly received a take-over offer of between 1.30 and 1.40 Dollars per share (approx. between 1.10 and 1.17 Euros). The offer is currently being reviewed. The company did not reveal who has made the offer.

www.americanapparel.net

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2016-10-21T14:22:37+00:00 January 6th, 2015|