LOS ANGELES (AP) — An investor group wants to buy American Apparel for about $300 million and bring back the clothing chain’s founder and former CEO Dov Charney.
Charney was fired from American Apparel in 2014 following allegations that he had violated the company’s sexual harassment policy. Charney denied those charges.READ MORE: Police Identify Homeless Man Arrested In Palisades Fire
The investors, Hagan Capital Group and Silver Creek Capital Partners, said Monday that they have submitted a bid.READ MORE: Sole Folks: One-Of-A-Kind Leimert Park Cooperative Provides Home, Platform For Talented Black Artists
American Apparel said in a statement Monday that it evaluates all bids and that it is focusing on emerging from bankruptcy protection. The Los Angeles company filed for Chapter 11 bankruptcy protection in October.
Hagan Capital Group and Silver Creek Capital Partners say Charney has a business plan that would improve American Apparel, which has faltered since he left.MORE NEWS: LAPD Investigating Sexual Abuse Allegations Against Rapper T.I., Wife
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