Dov Charney has signed a new three-year employment agreement with American Apparel Inc.
The founder, chairman and chief executive officer of the debt-laden specialty retailer will receive a minimum base salary of $800,000 a year, subject to annual increases by the compensation committee, for a three-year term that begins April 1. Charney is eligible to receive incentive bonuses with a target of 150 percent of his base salary, tied to a number of metrics, including total sales; earnings before interest, taxes, depreciation and amortization (EBITDA); net debt, and inventory levels.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)