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American Apparel's share prices rise after Dov Charney dismissal

American Apparel's share prices rise after Dov Charney dismissal

The former founder fires up the stock market


Image: Act MTV
Image: Telegraph UK

American Apparel’s Board of Directors should be pleased with their recent decision to fire founder and CEO Dov Charney as the company's share prices rise

24 hours after American Apparel announced that the founder and CEO of the clothing brand had been fired, the company's share prices have risen by nearly 20 percent. However Charney still owns roughly 25 percent of those shares himself  increasing his shares as well if he decides to sell them.

If the former boss  who was discharged for allegations of misconduct  decides to keep his shares, he will still play a leading role in the future of the company, and will still be able to make key decisions for the American retail giant. 

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