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Embattled retailer avoids fight over board

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Much of American Apparel's new turnaround plan focuses on extricating the influence of Mr Charney (above) from the company. CEO Ms Schneider says she doesn't have full control over the outcome of the company's legal quagmire.

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Much of American Apparel's new turnaround plan focuses on extricating the influence of Mr Charney from the company. CEO Ms Schneider (above) says she doesn't have full control over the outcome of the company's legal quagmire.

New York

AMERICAN Apparel said that it had averted a proxy fight with an ally of its estranged founder and former chief executive, Dov Charney, as the retailer unveiled a turnaround plan meant to get it back on a growth track towards US$1 billion in annual sales.

Jeffrey Kolb, a

sentifi.com

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