Dov Charney is finally fired from American Apparel

Good times.

There is a big change happening at American Apparel. Dov Charney has finally been fired. Officially. The company suspended him before rehiring him earlier this year but reports are in that he has finally been let go for good and replaced by a woman.

There are more reports that the company has once again entered into financial difficulties and its a tense time. What will the new CEO bring? Hopefully an end to the overly sexual advertising and employee terrorizing.

Charney has been fired amid allegations that he used company funds to pay off allegations of sexual assault in the past. Not to mention the seriously bad press that the assaults have generated towards the company. It seemed a positive step forward for the company to suspend him in the past but then they seemed to have a change of heart and let him back in.

Once I see the changes in the company and the effects of the new CEO kicking in, I will still be withholding my money. I don't know how much difference hiring a female(Paula Schneider) will make unless, its a complete overhaul of how AA do business.

Either way, with the company floundering and not making huge profits, it will be worth watching. It's effective from January 5th.