American Apparel workers reported to the company’s Los Angeles factory Monday to pick up their final checks.
Gobbetti will join the company on Jan. 27, as executive chairman, Asia-Pacific and Middle East until July 4, when he will become ceo.
The $845 million deal gives the private equity firm control of 13.9 percent of activewear company and two board seats.
The company has its own initiatives on ensuring humane working conditions.
With the exception of a few mass lines, products to clean and style children’s hair have been an overlooked segment of the $12 billion-plus hair category.
The name of the luggage and accessories firm that he founded was not disclosed.