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Tuesday, 1 July 2014

Ousted chairman Charney reports 42.98 percent stake in American Apparel

American Apparel owner Dov Charney speaks during a May Day rally protest march for immigrant rights, in downtown Los Angeles (Reuters) - Dov Charney, who was ousted as American Apparel Inc's chairman and chief executive last month, said he has increased his stake in the apparel retailer to 42.98 percent. Charney, ousted from the company on June 18 for alleged misuse of corporate funds and his role in disseminating nude photos of an ex-employee, said he has also called for a special meeting of stockholders on Sept. 25. American Apparel last Saturday said it has adopted a shareholder rights plan after Charney expressed plans to increase influence over the company.








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