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Way to knock a guy when he's down.
With bankruptcy looming, American Apparel is exploring all their options and one of those is selling the company.
Good news, right? Well, not for Dov Charney.
Sources close to the situation say if AA is sold, it's highly unlikely the buyer will allow the CEO to stick around.
We can't say we're too surprised. In fact, that might be good for the company since Charney seems to only attract negative publicity.
Meanwhile, Dov remains in denial about the whole situation.
He told Counselor magazine the 'bankruptcy' mention in their SEC filings was "something we did as an obligation to shareholders… To say that the company is unstable is not accurate".
Whatever makes you sleep easier at night, Dov.
[Image via Getty Images.]
Tags: american apparel, bankruptcy, denial, sell the company
Posted: April 6, 2011 at 2:00 pm
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