Virginia Drosos is no doubt qualified to lead Signet, but she’s coming on at a tough time for the retailer.
The money would go toward training for 600 workers.
The revived brand under Gildan plans to introduce a lower-cost basics line produced in Central America.
The two worked together at American Apparel and have forged new ties with TSC now the exclusive distributor for Charney’s new enterprise.
A Los Angeles court wasn’t convinced that statements made in the wake of Charney’s termination defamed him.
The apparel company’s request to extend a period of exclusivity for filing its bankruptcy plan faces opposition from the hedge fund.
Gildan executives said American Apparel can make good on their $88 million investment in the brand.
Meetings have been set up for the company’s laid-off workers to find information on unemployment and job resources.
Recently surfaced letters from two L.A. County Board of Supervisors and the director of the workforce development agency sought to stave off layoffs at the T-shirt firm.
The company shed about 2,400 people, with the majority of the cuts done in waves Monday.