Chuan Robert Mintz Has Resigned Personnel Changes Cited Concern

Recently, some sources pointed out that American Apparel Director Robert Mintz has resigned from the board of directors of the company. But company spokesman Liz Cohen declined to respond. Robert Mintz is the former chief executive officer of Rupari Food Services Inc., a food supplier. Last September, it was appointed by the Lion Capital holding share warrants to the board of directors. Lion Capital has the power to appoint two board members for holding 12% American Apparel share warrants.

American Apparel's former chief executive, Dov Charney, has always been controversial. After being accused of imprisoned female employees for sexual slavery, another former employee came to court, accusing him of raping and raping. In 2014, he was suspended for reasons of improper conduct. Subsequently, Paula Schneider The new CEO was appointed in January 5, 2015. When news came out, the share price of American Apparel surged nearly 19%.

It is reported that American Apparel has hired investment bank Moelis to explore the future strategy. Moelis will classify potential acquirers, such as Irving Place Capital, and will also examine the company's capital structure 。 This may indicate that American Apparel has entered a stage of multi party power struggle for control. This time is rather tricky for the company, not only with the Irving Place John Howard that covetous, but also under the new leadership to seek a turning point, and to prevent the prosecution of the founder of Dov Charney, who has been prosecuted for over $100 million.

In addition, five of the seven main positions of the company are currently held by women. They include chairman Colleen Brown, director Laura Anne Lee, chief executive officer Paula Schneider, general counsel Chelsea Grayson, retail President Nicolle Gabbay, wholesale president and senior creative director. Compared with the previous ones, American Apparel, which was often criticized for selling advertisements with feminine features, greatly enhanced women's position in the company's decision-making level.