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[Image via Bauer Griffin Online.]
Welp, apparently that couldn't be further from the truth. In fact, AA's newest lifeline claims Dov was the number one reason why he invested into the struggling clothing company.
Michael Serruya, a private investor from Canada, said of his $15 million investment:
"I think American Apparel is a tremendously strong brand and Dov is a remarkable visionary and entrepreneur. I think he is one of the top trend-setters in America today. I think given the proper resources, American Apparel has the ability to really deliver results."
We hope you're right, Mikey.
[Image via AP Images.]
Way to knock a guy when he's down.
Good news, right? Well, not for Dov Charney.
Sources close to the situation say if AA is sold, it's highly unlikely the buyer will allow the CEO to stick around.
We can't say we're too surprised. In fact, that might be good for the company since Charney seems to only attract negative publicity.
Meanwhile, Dov remains in denial about the whole situation.
He told Counselor magazine the 'bankruptcy' mention in their SEC filings was "something we did as an obligation to shareholders… To say that the company is unstable is not accurate".
Whatever makes you sleep easier at night, Dov.
[Image via Getty Images.]
BNet was able to get their hands on one of the contracts models are forced to sign when posing for Dov because that's the only way they'll get paid!
By signing the "Model Release and Arbitration Agreement", the
victims models agree:
-They won't sue Charney in court
-Any arbitration will be done in secrecy
-They can't go public with any damaging information (i.e. blogs, media, etc.)
-A breach of contract will "cause American Apparel irreparable harm", and the company can seek a temporary or permanent restraining order to enforce it
They sure do go to great lengths to keep these girls quiet, which makes us wonder: what does Dov have to hide???
With her attorney Eric Baum by her side, Kimbra Lo spoke with Ann Curry about her sexual assault allegations.
American Apparel also released a statement to the morning TV show, denying the whole thing and even accusing Kimbra of starting the whole thing.
Watch the interview in the clip (above)!
In the suit filed on Wednesday, Kimbra Lo claims the harassment started in December when she went to Dov's Los Angeles home to discuss being rehired as a model and photographer.
Charney allegedly invited the 19 year old to his bedroom, where he went on to undress her and tried to have sex with her and take pictures.
The lawsuit also named three other employees, but the details of their complaints weren't listed because they signed confidentiality agreements with AA. However, lawyer Eric Baum doesn't believe the agreements are enforceable.
Wonder how American Apparel will react this time?
[Image via Getty Images.]
During her interview, the ex-American Apparel employee was asked why she didn't report all her claims to the police.
She thought those kind of things were normal in the fashion and retail industry!
Watch her entire interview in the clip (above)!