Pursuits
American Apparel Founder Says He’s Down to Last $100,000
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Dov Charney, American Apparel Inc.’s former chief executive officer, said he’s down to his last $100,000 after being betrayed by investment partner Standard General and ousted from the retail chain he founded.
Standard General had pledged to help restore his position in the company but instead he was terminated, Charney told Bloomberg Television’s Trish Regan in an interview last week. The turmoil has taken a toll on his personal fortune and Charney is now sleeping on a friend’s couch in Manhattan’s Lower East Side, Regan reported.