"I have no idea what the proposition is so I don't know if I'd be interested or not," he told WWD yesterday. "There's nothing else I would say. I've heard about it. No one's approached me. I don't know what the terms are."
In April this year, current CEO Paula Schneider announced that the company was undergoing a "redesign of our production process" after "months of careful and rigorous review" resulting in redundancies. She also hinted that as a part of the shake-up, production may be exported, as opposed to being made in Los Angeles - something which was a cornerstone of Charney's original business plan.