Dive Brief:

• UPDATE: Recently ousted American Apparel CEO Dov Charney has revealed that his stake in the company has increased from 27% to 42.98%.

• UPDATE: Charney is calling for a special shareholders meeting for Sept. 25.

• A Saturday statement from the Los Angeles-based retailer said it had adopted a shareholder rights plan or “poison pill,” that it said was not designed to prevent a takeover but to protect shareholders from “any threat of creeping control.”

Dive Insight:

A takeover of American Apparel may be just the thing for the retailer that had its most recent brush with bankruptcy just earlier this year. But Dov Charney is making things complicated, and has managed to make significant moves to regain control. American Apparel is taking it from many sides in this showdown, as it also fends off payment demands from a major creditor that is friendly to Charney.