According to Business Wire, The Board of Directors of American Apparel, Inc. voted Charney out due to an ongoing investigation of alleged misconduct. “This is not easy, but we felt the need to do what we did for the sake of the company,” the company’s co-chairman, Allen Mayer, told the Los Angeles Times. “Our decision to do what we did was not the result of any problems with the company’s operations.”
Of course, the “alleged misconduct” is basically years worth of lawsuits and complaints filed about Charney having to do with everything from sexual harassment to wrongful termination that reportedly ended with Charney choking an employee. We guess the Board just had enough. John Luttrell, who has been with the company since 2011 was appointed the Interim Chief Executive Officer. Luttrell said that although this is a big change for the company, American Apparel and your favorite tees aren’t going anywhere. “We have one of the best known and most relevant brands in the world, with employees who are second to none; I believe we have a very exciting future,” said Luttrell. “Our core business—designing, manufacturing, and selling American-made branded apparel—is strong and continues to demonstrate great potential for growth, both in the U.S. and abroad. This new chapter in the American Apparel story will be the most exciting one yet.”
Most exciting for everyone but Dov Charney, of course. A source told the Los Angeles times that Charney will “fight like hell” to get the company back. And we bet he will, he did start it all by himself and ran it out out of his dorm before moving in to the big leagues — it’s his baby. It will be interesting to see what happens next with Charney and American Apparel. Head over to the Los Angeles Times and Business Wire for more information.