New CEO for American Apparel

New CEO for American Apparel

Fashion company American Apparel has officially said goodbye to its founder Dov Charney. From 1 January 2015, Paula Schneider will become the company's new CEO.

Woman with experience

American Apparel's board suspended Charney in June 2014, after sexual misconduct allegations. He was still a consultant for the company, but Scott Brubaker was the temporary CEO since then.

 

An internal investigation has now led to all ties to Charney being cut. His replacement, Paula Schneider, has plenty of fashion experience: she was part of upper management at Warnaco, Gores Group and BCBG Max Azria.

 

Charney's departure might have serious consequences for American Apparel, as the founder had previously claimed he would demand his 25 million dollar (20 million euro) severance package if he lost his position as CEO.

 

American Apparel has some 250 own stores in 20 different countries with more than 10,000 employees.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top