The 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