American Apparel founder Dov Charney spoke passionately of his intentions for his latest venture, Los Angeles Apparel, in a new interview with TheStreet. It's a carbon copy of American Apparel, now owned by Gildan Activewear, but "newer and better," he contends, and it all comes down to the "Made in L.A." model, which he explains as less a sentiment than it is pragmatics.

What's absolute is Charney's refusal to attribute the failure of his old company to anything other than the "hostile hedge funds" that ousted him. That, in spite of several claims of sexual harassment and other questionable behavior toward women. He also said he lost his business "by way of fraud, securities crime."

Here's a bit of advice from Charney on how to come back from big-time failures in life.

Q. What's your advice to budding entrepreneurs about failure?

A. When you lose everything and all your wealth is destroyed, what do you do? What I did was call up my grandfather, this 106-year-old Yiddish man, and he said, "Just start another business! My brothers and sisters got murdered in the Holocaust, and you're complaining about business?" The problem with a model society is that we become entitled, myself included. We don't want to get up and fight. But the thing is, you gotta start again. Have a cup of coffee. Get a lot of rest. America is really great, you have to admit. Here, shit goes down, but you can always try again.

Read full interview here.

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