While Dov Charney brought a strong vision and a commendable mission to the apparel industry, he also became a distraction that drew attention from the core product and inhibited the leadership's ability to keep up with market trends.
The clothing retailer is weighed down by intense competitive pressures and a rocky relationship with its founder.
The podcast network will bring "The Jinx" team back, too.
The CEO firing was direct and dismissive. Barnes & Noble didn't stick to the bland yet reliable "we're moving in a different direction" script when it booted Chief Executive Officer Ron Boire. They didn't give him a gentle heave-ho with the old standby "he's stepping down to pursue different opportunities" tale. Instead, Barnes & Noble whacked their CEO in bold fashion.
First Nighter: James Earl Jones, Cicely Tyson Play 'The Gin Game'; Oren Safdie's Unseemly 'Unseamly'
If you think you're about to hear anything critical of the two old pros James Earl Jones and Cicely Tyson in director Leonard Foglia's revival of D. L. Coburn's 1977 comedy, The Gin Game, at the Golden Theatre, you better think again.
"You know, I think there’s a greater likelihood that I’ll be the first American astronaut stranded on Mars before [Charney] wins this lawsuit."
Relative to everything else in the company's history, bankruptcy seems almost tame.
The company's stores will continue to operate during restructuring.
The announcement comes amid a desperate attempt to turn the struggling retailer around. In April, the company laid off 180
Some examples of the many illicit email and text messages sent by Mr. Charney to employees included in the evidence reviewed