Tag: lincoln-road
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American Apparel to file for bankruptcy as soon as Monday: sources
By Jessica DiNapoli NEW YORK (Reuters) – American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of…
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American Apparel hires investment bank to explore sale: sources
The sale process comes just six months after American Apparel emerged from Chapter 11 bankruptcy, following the public ouster of its controversial founder and chief executive officer, Dov Charney, and a string of losses that the company has struggled to reverse. “As we have regularly communicated to employees, vendors and customers, we continuously evaluate strategic…