|Category||Divers - Miscellaneous|
|Titre / Title||Wholesale Halloween Costumes|
|Description en français||
SEX, wholesale halloween costumes LIES AND UNDERWEAR INDEAL
If swimwear manufacturer China the potential acquisition of American Apparel Inc. for roughly $360 million, by Endeavor Acquisition Corp. were a movie, it would be billed as Wall Street meets Boogie Nights. American Apparel is run by Dov Charney, the underwear-baring, foulmouthed founder who more closely resembles a 1970s porn star than a top executive of a company that sells pricey Tshirts and leggings to twentysomething waifs.
Charneys freewheeling ways have made him the wholesale swimwear target of multiple lawsuits filed by employees who allege he uses indecent language and has a penchant for showing his underwear.
One plaintiff went so far as to accuse Charney of giving her a vibrator, according to published reports. Charney has denied all the allegations.
Endeavor Acquisitions two chiefs, Jon Ledecky and Eric Watson, are known to have less than pristine reputations as well.
Watson settled with the Securities and Exchange Commission in 2001 over insider-trading allegations related to an acquisition made by U.S. Office Products.
At the time, Watson was the chief executive of a U.S. Office subsidiary, Blue Star Group.
(For those not up on their Wall Street trivia, Bluestar was the name of the company that Michael Douglas character, Gordon Gekko, profited from by trading on insider information supplied to him by Bud Fox.) Watson also suffered two adverse court judgements in suits brought by former employees and business partners in his native New Zealand.
Ledecky, meanwhile, spent the 1990s socking away nearly $60 million as chairman of several companies, including Floral Products and Building One. Several of those firms eventually went bankrupt under heavy debt loads, evaporating millions in investor cash.
After telling the Washington Post that he had gone through a selftransformation – which included giving $10 million to charity, taking up Bible study and trying to make peace with some of the people he misled – Ledecky was back on the scene with Endeavor, which raised $120 million through an initial public offering on the American Stock Exchange last year.
A so-called special purpose acquisition company, or SPAC, Endeavors sole purpose is to seek out private companies to buy, thereby allowing them to trade publicly without the scrutiny that usually accompanies an initial public offering.
SPACs have come under increased scrutiny by regulators and investors after several recent fraud allegations.
Calls to American Apparel were not returned.
Endeavor declined to comment.
American Apparels current investors are mostly small private equity shops, including Bush ODonnell Capital Partners, C3 Capital Partners and CapitalSouth Partners, according to data provider Capital IQ.
|Niveau promotionnel - Promotion level||None|
Please register or log in.
Les petites annonces sur Phuket par Phuket Francophone Magazine, le magazine numéro 1 des Francophones à Phuket. Depuis 2006.
Classifieds Ads by Phuket Francophone Magazine. The Leading Magazine in French Language in Phuket. Since 2006.