American Apparel Files For Chapter 11 Bankruptcy Protection – ValueWalk Premium
American Apparel Logo

American Apparel Files For Chapter 11 Bankruptcy Protection

American Apparel, one of the only clothing retailers still manufacturing in the U.S., filed for Chapter 11 bankruptcy protection on Monday, as it tries to deal with a punishing slump in sales.

The Los Angeles-based company, which hasn’t made a profit since 2009, joins a growing number of U.S. retailers who have been unable to adjust to changing consumer spending patterns and intensifying competition.

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support[email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0