Sunday, September 21, 2008
Dov Charney (born January 31, 1969 in Montreal, Canada) is the founder and CEO of American Apparel ("AA"), a clothing manufacturer, wholesaler, and retailer.
Charney is known for his success as an entrepreneur, and passion for simple clothing. His "contrarian" leadership style, which he feels promotes creativity, has drawn extensive praise and criticism.Charney has earned recognition in the media for management decisions to pay a fair wage and refusing to outsource manufacturing, while still running a profitable business.
The Los Angeles Times named him one of the Top 100 most powerful people in Southern California.
In December 2006, Charney entered into an agreement to sell American Apparel for $360 million to the publicly listed special purpose acquisition company (SPAC) Endeavor Acquisition. As a result, Charney became the President and Chief Executive Officer of the publicly traded company known as American Apparel, Inc. He remained the majority shareholder, and all employees of American Apparel were given 500 shares of stock in the new company.
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