Dov Charney - Wikipedia, the free encyclopedia

Charney got his start in high school, importing Hanes and Fruit of the Loom T-shirts over the border to his friends in Canada^[21] He is said to have shipped as many as 10,000 shirts at a time, using a rented U-Haul truck to transport the goods^[22]

In 1987, he enrolled at Tufts University. While at Tufts he continued to operate his business but by 1990, dropped out to pursue it full time.^[23] He is currently listed as a graduate although in actuality, he'd moved to South Carolina to transition from importing t-shirts to manufacturing them.^[24] In 1996, Charney's company could not cover its debt and he was forced to file for Chapter 11 and personal bankruptcy.^[25][26] Two years later, he'd migrated to California to try the t-shirt business again.^[25] By 2003, Charney had opened his first retail store and employed over 1,300 people.^[27]

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In December 2006, Charney entered into an agreement to sell American Apparel for $360 million to the publicly listed special purpose acquisition company (SPAC) Endeavor Acquisition.

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