American Apparel's Dov Charney lashes out at 'grotesque' board and vows to get company back
The 45-year insists allegations of misconduct are false and claims he will be back in his office before long despite board's vote
American Apparel's ousted founder Dov Charney has lambasted the retailer's board of directors, accusing them of orchestrating a "hateful PR campaign" against him based on lies.
Speaking out for the first time since he was fired in what he branded a "grotesque" move, Charney insisted that he wants his company back and won't go down without a fight.
"I think it’s highly unusual that a board – any board – would indulge in such a hateful PR campaign against its founder, " he told the Financial Times. "It’s a lash-out that stems from a false place due to a lack of research into the work I’ve been doing over the last year."
Last week, American Apparel's board of directors unanimously voted to remove the 45-year old from his duties as chief executive citing an internal investigation into alleged misconduct.
The board argued his behaviour not only damaged the company's reputation, but also posed a financial risk after Charney was accused of sexual harassment in a series of lawsuits that were either settled or dismissed.
In addition, the board claimed he misused company funds and knew of the existence of a controversial blog, which made "defamatory" comments about the company and impersonated a former employee, but took no action to stop it.
READ MORE: AMERICAN APPAREL SHARES ROCKET AFTER CHARNEY IS FIRED
DOV CHARNEY FIRED AS AMERICAN APPAREL'S CEO
But Charney, who is seeking more than $20 million in compensation unless he is reinstated, insists that he is the best man for the job and will be back in his office soon, adding: "This is the year American Apparel fully recovered. This has to manifest itself to its full conclusion, with me there".
Charney founded American Apparel in 1998 and has been in charge since 2007 when the company went public. In recent years, the company has seen sales decline with his controversial behaviour and racy advertising taking centre stage.
American Apparel’s largest outside shareholder, Swiss firm FiveT Capital AG, has already signalled it won't support Charney, who owns a 27 per cent in stake in the retailer, leaving him with limited options to win back his company.
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 2 Mother of newborn Baby No 59 trapped in sewer pipe told Chinese police she 'heard crying' when she raised alarm
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 This crazy skiing video will leave you feeling queasy
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
AirAsia QZ8501: Black box reveals warning alarms 'screamed' before crash, as more bodies recovered from near fuselage of jet
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...