Online retailer Amazon.com and teen apparel store chain Forever 21 are among the companies weighing offers to acquire bankrupt American Apparel, people familiar with the talks said on Wednesday.
The bankruptcy auction of Los Angeles-based American Apparel, which
made its branding theme "Made in the U.S.A", will determine the future
of a major clothing manufacturing plant in California, one of the most
expensive U.S. states in terms of labor costs.
. . . more