American Apparel files for bankruptcy—again
NOVEMBER 14, 2016
On Monday, American Apparel filed for its second bankruptcy protection in 13 months. Reuters reported : … [American Apparel] emerged from bankruptcy in February under the ownership of a group of former bondholders led by hedge fund Monarch Alternative Capital LP. Under mounting pressure, American Apparel hired investment bank Houlihan Lokey earlier this year to explore a sale. However, Gildan does not plan to buy any of American Apparel’s physical stores.