American apparel ceo paula schneider: we will grow after bankruptcy

by MR Magazine Staff

Paula Schneider has had a hell of a first year as CEO of American Apparel. When she joined the L.A.-based casual clothing retailer in January 2015, the company’s founder Dov Charney had just been ousted following an internal misconduct investigation. In the twelve months since, she’s been trying to rescue the troubled brand, which has posted consecutive annual losses since 2010. In October, the company filed for Chapter 11 bankruptcy protection. During this time, Schneider has also faced an insurrection by employees loyal to their former boss, a $30 million defamation suit filed by Charney, and most recently Charney’s investor-backed $300 million takeover bid. Read more at Forbes.