Reports: American Apparel Might Get Sold, and Dov Charney Might Get Left Behind

Photo: Bloomberg/2010 Bloomberg

As American Apparel CEO Dov Charney denies the looming possibility of his company filing for bankruptcy, sources tell PE Hub that the company is considering selling itself — and that if it does, Charney probably won't be invited to the party.

Two of the sources said if the company is sold, it is unlikely that the buyer will permit Charney to remain with the organization.

Exclusive: Embattled American Apparel Is Exploring a Sale [PE Hub]