Skip to content
Subscriber Only
Business
Pursuits

American Apparel Investor Expects CEO to Fight Termination

American Apparel Inc.’s largest outside investor said he expects Chief Executive Officer Dov Charney to fight the company over his firing, which may be the prelude to a sale of the clothing maker.

Johannes Minho Roth, who runs the Swiss investment firm FiveT Capital AG, said he was surprised by Charney’s ouster, which was announced by the board last night in a statement. American Apparel, a Los Angeles-based seller of T-shirts and other casualwear, said it was terminating Charney for cause after an investigation into unspecified misconduct.