American Apparel founder Dov Charney is $350 million richer today thanks to the completion of his company's sale to Endeavor Acquisitions Corporation (a smallish investment firm). Charney will still be CEO of the friendly-sweat-shop, moustache-sleazin', panty-flauntin' company. But I guess the extra cash will leave him more time to flirt with barely legal employees and return to his first love: crotch photography.
According to NPR this morning, AA will still operate out of its one LA warehouse with no plans to expand and export labor. Right now they still pride themselves on paying their mainly immigrant staff twice the minimum wage. The staff can now also boast new Endeavor stock options.
Ho ho ho.


Buy an American Appalling 2007 calendar at Bingo's Craft Emporium, a lil' holiday boutique at 2201 Sunset Blvd. two doors down from Casbah Cafe.

Labels: newsworthy, shopping