George Soros

As the turmoil with hedge fund manager Bill Ackman winds down at J.C. Penney, another of the company’s investors is making headlines. This time it’s George Soros, who according to...

New York -- Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission. The stake, which was seen as a vote of...

Clothing and accessories retailer American Apparel Inc announced that its Chairman and Chief Executive Dov Charney has entered into a new employment agreement with the company for an initial term of three years. The term starts on April 1 and will automatically extend for successive one-year periods unless terminated by the company, American Apparel said in a filing. The company has struggled with problems ranging from a long-running sales slump and financial instability to controversies associated with Charney -- its chairman and CEO since 2007 -- who has been in the news over a lawsuit that claimed he kept

A Brooklyn, N.Y. judge has tossed out a $260 million lawsuit alleging that American Apparel CEO Dov Charney kept a young employee as a "sex slave," saying 21-year-old Irene Morales had already agreed to arbitration. Supreme Court Judge Bernadette Bayne delivered her Feb. 10 ruling to attorneys Wednesday, according to DNAInfo.com. Bayne didn't address the merits of the claim that the 43-year-old Charney conscripted Morales, a former manager at a local American Apparel branch, into serving as his sex slave for eight months once she turned 18.

George Soros has found a new financial disaster from which to profit: American Apparel. The billionaire octogenarian who, like American Apparel's controversial CEO Dov Charney, has lately been entangled in lawsuits with young, beautiful women, is backing a firm that's in talks to extend a credit line worth as much as $80 million to the cash-strapped clothing chain, The Post has learned. The credit facility from Crystal Financial, a Boston-based firm that boasts Soros’ hedge fund as its lead investor, will immediately replace and expand a $75 million revolving credit line from Bank of America.

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