American Apparel Rumored Close to Receiving $15 Million Investment

By Kyle A. Richardson

Los Angeles-based American Apparel is in the process of approving a deal to give the company a cash infusion and keep it solvent, Bloomberg is reporting. According to people familiar with the process, who chose to remain nameless, American Apparel's board has given approval for a $15 million deal with a group of private investors.

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Kyle A. Richardson Author's page

Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.