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Legislative, Regulatory & Legal

  • Dov Charney in emotional plea for American Apparel

    Dov Charney, founder and outsted CEO of American Apparel, made an emotional—and meandering—plea to regain control of the company at a bankruptcy court hearing in Delaware on Thursday.

    “I’m a merchant, I’m a creative artist, I’m a photographer, I’m a marketer, I’m an industrialist,” Charney said, according to the New York Times. “I don’t want to hand over my company. This is coercion.”

  • Staples, Office Depot extend merger agreement

    Staples is giving itself three more months before calling off its proposed $6.3 billion acquisition of Office Depot, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission.

  • NRF’s Shay delivers state-of-retail message

    National Retail Federation president and CEO Matt Shay shared a message of inspiration and transformation to mark the beginning of the trade group’s annual Big Show, which again drew a record number of attendees to New York.

  • Women’s apparel retailer files motion for sale of assets

    Joyce Leslie on Monday announced that it filed a motion on January 14th for court approval to set bid procedures and an auction date for a sale of most of its assets.

    The young women’s fashion retailer had previously announced that it had filed a voluntary petition under Chapter 11 on Jan. 9.

  • American Apparel board rejects Charney-supported takeover bid

    Has founder and ousted CEO Dov Charney made his last stand at American Apparel?

    The board of American Apparel Inc. rejected a $300-million takeover bid from Hagan Capital Group and Silver Creek Capital Partners — the investors aligned with Charney — according to the Los Angeles Times.

  • Review: State of the Union address

    On Tuesday, President Obama delivered his seventh and final State of the Union address to the Congress. Unlike the previous six, this was not a long list of policy agenda items he would like to see the Congress address in the coming year. It was, instead, a broader conversation regarding the state of American democracy.

  • American Apparel gets $300 million bid from group supporting Charney

    American Apparel on Monday said that it has received unanimous approval of all voting classes for its reorganization plan. But also on Monday, the company received a $300 million buyout offer from an investor group that has the support of American Apparel founder and ousted CEO, the controversial Dov Charney.

    The investor group, which is comprised of Hagen Capital Group and Silver Creek Capital Partners, said that its offer is superior to the company's reorganization plan, and has a valuation range of $180 million to $270 million.

  • Report: Charney makes his move to take back American Apparel

    The saga — and drama — of American Apparel Inc. continues.

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