The very creator, founder and CEO of the Los Angeles based American Apparel was suspended by the company’s board who collectively voted for the purpose.
Replaced by Allan Mayer, the Charney was removed on the allegations of misconduct, bankruptcy, numerous pending lawsuits and the brand’s extremely controversial racist advertisements. Furthermore, the company now believes that the brand has grown tremendously over the years and henceforth, can smoothly handle the anticipated future growth without the former CEO.
However, Charney on the other hand is of the view that all the lawsuits were ‘baseless’ and completely denied the allegations against him in an interview.
