Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

American Apparel Appoints First Female as Director

American Apparel has been through the wringer in recent weeks after sexual harassment lawsuits and racy advertising campaigns have put the company in a negative light. However, it has since been striving for change and just announced that a female has been appointed director for the first time in the company’s history.

Colleen B. Brown, previous CEO of Fisher Communications, is taking on the new role with impressive credentials. She led Fisher Communications for eight years, and she directed the sale of the company to Sinclair Broadcast Group Inc. for approximately $340 million just last year, according to Business of Fashion.

American Apparel founder Dov Charney was removed from his CEO standing last month following questionable sexual acts.

 

See Also: American Apparel CEO Dov Charney Canned for Sexual Assault – Company Struggles with Debt and American Apparel Narrowly Escapes Bankruptcy with Shareholder Deal

 

Following his dismissal and the financial rescue from shareholder Standard General that pulled the company from a monetary downfall, American Apparel lost much of its authoritative control. As a result, its agreement with Standard General gave the hedge fund the right to appoint three new directors, according to Bloomberg News. Brown and Joseph Magnacca, RadioShack’s CEO, were jointly chosen by Standard General and the existing American Apparel board.

“This slate of directors brings significant financial, retail and corporate turnaround expertise to the board,” Standard General partner David Glazek said, according to Los Angeles Times.

As American Apparel fights for a business reversal, one can only hope that Brown will be the fresh perspective that everyone has been looking for.

 

 


Comment Template

You May Also Like

Business

Wet Seal Inc. would appear to be one of the many retailers to close its doors as of late. Wet Seal was established in...

Business

Things aren’t going so well for many retail companies in the last few months. Sears Holdings closed dozens of its stores, Macy’s did the...

Business

American Apparel is a clothing retailer and manufacturer that started off in the year 1989 at Los Angeles in California. Since then, the store...

Business

American Apparel faces a lawsuit from a former employee who claims he was wrongfully fired due to religious belief. Former employee David Nisenbaum accuses...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok