American Apparel Ousts Charney, Theyskens Exits Theory, Tod’s Names Creative Director

Dov Charney, ousted CEO of American Apparel | Source: Reuters

Founder Dov Charney has been ousted at American Apparel Inc. amid allegations of misconduct. The company’s board said late Wednesday that it voted to replace Charney as chairman and will terminate him as president and chief officer, pending 30 days of the grace period stipulated in his employment agreement. Charney, 45, founded American Apparel as a wholesale t-shirt business in …

Coach Eliminated Over 150 Jobs In Restructuring Efforts

Coach by Stuart Vevers Autumn/Winter 2014 lookbook | Source: Coach

NEW YORK, United States — Affordable luxury leather goods giant Coach implemented significant redundancies yesterday, eliminating more than 150 jobs. The New York-based company confirmed the job losses in an email statement provided to BoF. “During our analyst and investor conference in June we unveiled a comprehensive long-term strategic plan to reinvigorate our business. To that end, we’ve announced certain restructuring …