Wednesday, November 2, 2016

American Apparel may not make it through the holidays

Image result for american apparelThe largest clothing manufacturer in North America is hanging by a thread.

American Apparel, less than nine months after emerging from Chapter 11 and losing sales and bleeding cash, has been slashing payroll at its Los Angeles factory — but it may not be enough to keep it afloat through the holidays.

Working with a restructuring expert, the company, famous for its provocative ads and Made in the USA apparel, has had talks with licensing firms and could agree to be sold in a deal that would precipitate another trip through bankruptcy court.. . . more

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