American Apparel executive Marty Staff steps down
The troubled American Apparel clothing chain, known for its colorful basics and its flamboyant chief executive, Dov Charney, announced that its chief business development officer would be stepping down.
Marty Staff, who has spent much of his career at fashion companies, joined the Los Angeles clothing maker and retailer a little more than half a year ago in March. The company did not give a reason for Staff's departure.
In a statement Wednesday, American Apparel's Chief Executive Dov Charney said Staff was "one of the most experienced and capable professionals in our business."
"His contributions to American Apparel have been very substantial," Charney said.
American Apparel faced a liquidity crisis in the spring but obtained new financing. The retailer also has appointed several new executives and directors, cut expenses and shut underperforming stores.
-- Shan Li
Photo: An American Apparel store in Los Angeles. Credit: Lawrence K. Ho / Los Angeles Times