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