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Report: Charney makes his move to take back American Apparel


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

The troubled retailer, which filed Chapter 11 in October, has received a takeover bid of more than $200 million from an investor who is working with American Apparel founder and ousted CEO Dov Charney, the Los Angeles Times reported. If the offer is accepted and the deal is finalized, the plan would allow for the controversial Charney to return to the company in a senior role, the report said.

American Apparel is set to emerge from bankruptcy this month with a reorganization plan that would essentially give ownership of the company to its bondholders, led by Monarch Alternative Capital.

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