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Remember that little rumor about possible investors wanting to kick American Apparel CEO Dov Charney to the curb?
Welp, apparently that couldn't be further from the truth. In fact, AA's newest lifeline claims Dov was the number one reason why he invested into the struggling clothing company.
Michael Serruya, a private investor from Canada, said of his $15 million investment:
"I think American Apparel is a tremendously strong brand and Dov is a remarkable visionary and entrepreneur. I think he is one of the top trend-setters in America today. I think given the proper resources, American Apparel has the ability to really deliver results."
We hope you're right, Mikey.
[Image via AP Images.]
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.]
CNN recently caught up with Dov Charney at the American Apparel headquarters in Los Angeles and asked him the question everyone wants to know: what's it like being called a pervert?
Journalism at its finest, ladies and gents!
Hear what the pervert caring CEO has to say in the clip (above)!
If you thought American Apparel founder Dov Charney was shady, you ain't seen nothing yet.
BNet was able to get their hands on one of the contracts models are forced to sign when posing for Dov because that's the only way they'll get paid!
By signing the "Model Release and Arbitration Agreement", the victims models agree:
-They won't sue Charney in court
-Any arbitration will be done in secrecy
-They can't go public with any damaging information (i.e. blogs, media, etc.)
-A breach of contract will "cause American Apparel irreparable harm", and the company can seek a temporary or permanent restraining order to enforce it
Wow.
They sure do go to great lengths to keep these girls quiet, which makes us wonder: what does Dov have to hide???
The second woman suing American Apparel founder Dov Charney broke her silence on Friday by appearing on The Today Show.
With her attorney Eric Baum by her side, Kimbra Lo spoke with Ann Curry about her sexual assault allegations.
American Apparel also released a statement to the morning TV show, denying the whole thing and even accusing Kimbra of starting the whole thing.
Wow.
Watch the interview in the clip (above)!
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