Dov Charney Wants To Annex American Apparel With Funds.

The New York Post quoted the news as "the United States". Apparel production retailers American Apparel Inc. (NYSE MKT:APP) has acquired at least two agencies in the past few weeks. News stimulated American Apparel Inc. (NYSE MKT:APP) surged nearly 45% on Thursday, up to 1 US dollars since September of this year.

One of them is Irving Place Capital, behind which she received support from Dov Charney, who was formally released by the American Apparel Inc. (NYSE MKT:APP) on Tuesday.

It is reported that Irving Place Capital has proposed the acquisition of American Apparel Inc. (NYSE MKT:APP) in the first few weeks, but the latter Board considers that the reference price of Irving Place Capital is too low to refuse. Informed sources said that the first contact between the two sides occurred in the American Apparel Inc. (NYSE MKT:APP) share price fluctuated in the range of 0.50 U.S. dollars (that is, after December), and led to American Apparel Inc. (NYSE MKT:APP), Dov Dov and the relationship between tension and tension. Irving Place Capital later raised the purchase price to 1.30-1.40 dollars per share, while the American Apparel Inc. (NYSE MKT:APP) board had not yet responded to the new offer due to its busy handling of Dov Charney.

If Irving Place Capital successfully acquired American Apparel Inc. (NYSE MKT:APP), Dov Charney is likely to return to this form in some form. Clothing brand 。 Dov Charney has so far received much support in American Apparel Inc. (NYSE MKT:APP). After its formal dismissal, American Apparel Inc. (NYSE NYSE) has more than 30 managers jointly believed that the board of directors requested the latter to reconsider the decision.

Irving Place Capital is an investment fund based on New York, which has invested in A ropostale Inc. (NYSE:ARO), an American youth apparel retailer. High end shoes The brand Stuart Weitzman Holdings LLC has been divestment in 2002 and 2010 respectively, and now owns the equity York New York & Co., Inc. (NYSE:NWY) and clothing brand Rag & Bone.

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New York hedge fund Standard General LP is now the largest single shareholder of American Apparel Inc. (NYSE MKT:APP). In June of this year, Dov Charney was expelled by American Apparel Inc. (NYSE MKT:APP). In July, it increased the shareholding ratio to 42.98% by Standard General LP, becoming the largest shareholder of the group, but immediately transferred all its shareholding and voting rights to Standard General. Standard General LP subsequently reorganized the American Apparel Inc. (NYSE MKT:APP) board and removed 5 of the original 7 directors and joined the 4 directors nominated by them to control the board of directors. It is this board controlled by Standard General LP that made the decision to formally dismiss Dov Charney and appointed Paula Schneider as the new CEO. However, Dov Charney supports Paula Schneider to join the American Apparel Inc. (NYSE MKT:APP) board, but Standard General General refuses to stay on the ground of no vacancy.

Investors closely related to Standard General LP revealed that the hedge fund wanted to focus on the long-term development of American Apparel Inc. (NYSE MKT:APP) and had no intention to sell it. And Dov Charney may initiate proceedings against American Apparel Inc. (NYSE MKT:APP), which will make transactions even more complicated.

American Apparel Inc. (NYSE MKT:APP) surged 58% to 1.09 dollars in the intraday market on Thursday, and it closed at $1 a day, or 44.93%, making its total decline narrowed to 18.7% in 2014.