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Author Topic: American Apparel reported close to second Chapter 11 filing  (Read 359 times)
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retailisking
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« on: November 03, 2016, 04:33:10 PM »

After missing a $2.5 million payment
http://www.retaildive.com/news/american-apparel-misses-25m-in-bankruptcy-payments/429579/
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retailisking
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« Reply #1 on: November 20, 2016, 02:02:00 AM »

Sure enough, earlier this month they filed for bankruptcy a second time and now they're closing all their stores and selling their inventory and brand name to Canadian activewear maker Gildan. Just prior to the filing they closed all their non-US stores.
http://www.wsj.com/articles/american-apparel-said-to-file-for-bankruptcy-again-agrees-to-sell-brand-1479117067
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