American Apparel Names Former Liz Claiborne CEO As Chairman Of Board
American Apparel Inc., which emerged from bankruptcy last month, named the former head of Liz Claiborne Inc. as chairman of its revamped board. Paul Charron, who ran Claiborne until 2006, will be one of three new directors at American Apparel, the company said in a letter to its wholesale customers that was obtained by Bloomberg News. Susan Davidson, a Claiborne veteran who currently runs the fashion boutique Scoop and the Zac Posen design house, and Bruce Fetter, chief executive officer of apparel company St. John Knits, also will be joining the board. The changes will bolster the seven-person board’s retail experience as American Apparel attempts a comeback. The Los Angeles-based clothing chain filed for bankruptcy in October following years of losses and a split with controversial founder Dov Charney. It re-emerged from Chapter 11 in February after a judge approved a reorganization that handed the company to senior lenders. Read more at Bloomberg.
