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"I think the prospects are that we're going to have a recovery year this year. 2012, we'll be back to our previous pattern of profitability," he added. Despite the net loss, the company reported $533 million in sales in 2010.
In March, Charney purchased an additional 1.8 million shares of company stock, increasing his stake to 54 percent. The purchase saw the price increase to $0.99 a share that week. As of noon today, April 6, the stock price had dropped to $0.81 a share.
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- Companies:
- American Apparel
- People:
- Dov Charney
E
Kyle A. Richardson
Author's page
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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