Ousted American Apparel Founder Dov Charney Says He’s Secured $10 Million Loan For New Venture

by MR Magazine Staff

Dov Charney is back—and is very optimistic about his future. The controversial founder and former CEO of American Apparel has founded a T-shirt company with some of his old colleagues and has already “received indication of interest from major clients in that space,” he tells Fortune. Charney says that he has “a business that could go into the hundreds of millions in sales,” based on the fact that he generated “five billion in sales in the ten years prior to my departure from American Apparel.” “I know how to sell,” he says. “I’m a member of the demographic which I serve, and I have no intention of leaving this industry and I plan to go into it very forcefully.” Read more at Fortune.