Thursday, August 18, 2016

American Apparel Said To Be Selling

Having emerged from bankruptcy six months ago, American Apparel is now said to be looking for a buyer. Global investment bank  Houlihan Lokey has been hired to sell the company, reports WWD, and is reaching out to the "usual suspects" as potential buyers.

The US-based retailer has seldom been out of the headlines over the last two years, after experiencing difficulties getting the brand back on track following its lengthy battle with former owner and founder Dov Charney. So far, Charney hasn't been approached about buying his former business.. . . more

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