American Apparel CEO raised stake to keep control

American Apparel (APP) CEO Dov Charney yesterday raised his stake in the company as his relationship with key lender Lion Capital is growing more tense, sources tell the New York Post. Lion Capital owns stock warrants that could dilute Charney’s equity stake to as low as 44%, if exercised. Currently, Lion is supportive of Charney and his efforts to turn around the company, sources say

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