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On April 6, Reuters reported that Los Angeles-based American Apparel, the retail and wholesale apparel manufacturer, may be looking for a buyer to bail the company out of its troubling financial situation.
Last week, American Apparel submitted its 2010 regulatory filing with the U.S. Securities and Exchange Commission, where it claimed an $86.3 million net loss for the year and stated it may need to file for bankruptcy protection. The company is working with financial advising organization Rothschild to explore its options.
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- Companies:
- American Apparel
- People:
- Dov Charney
E
Kyle A. Richardson
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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.
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