American Apparel Expects Fight From Ousted Founder - Presented by: The Aol. On Network

The board of hipster clothing brand American Apparel has ousted founder Dov Charney as chairman and said it was preparing for the controversial executive to fight his removal. The retailer replaced the 45-year-old Charney as chairman late Wednesday, citing unspecified allegations of misconduct. It also said it suspended him as president and CEO, and plans to fire him for cause, following a 30-day period stipulated in his contract.



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