- American Apparel files for bankruptcy, operations to continue
- Sales down in Australia amid global turmoil
- The company may shutter its Oak stores in LA and NY
Ex-American Apparel boss Dov Charney lives in a Los Angeles mansion with eight bedrooms, but says he can’t scrape together enough cash to keep paying a lawyer.
Charney is now representing himself in a lawsuit filed against him by the hedge fund Standard General, a backer of American Apparel – , the fashion label that has defined millennial style for years and is famous for its plain T-shirts and sexualised advertisements,
The 46-year-old told a Delaware judge that if he can’t raise money to hire a new lawyer, he’ll continue doing his own legal work. Since American Apparel’s board ousted him in 2014, Charney has waged a costly legal campaign to regain control of the company he founded. When American Apparel filed for bankruptcy last month, it crushed the value of his remaining stock, which represented much of his net worth. He still has his house, which spans more than 1000 square metres in the Silver Lake neighbourhood of Los Angeles.
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Read the full story at SMH, by Matt Townsend and Jef Feeley
