American Apparel files for bankruptcy protection, again WASHINGTON – American Apparel is seeking bankruptcy protection for the second time in just over a year, unable to find its footing even after a contentious fight for control with founder Dov Charney.Canada’s Gildan Activewear is buying the brand, notorious for its advertising campaigns, for $66 million.The Los Angeles retailer first filed for Chapter 11 bankruptcy protection in October 2015, about a year after it fired Charney for violating its sexual harassment policy. Charney’s legal campaign to retake control of the company was rejected by a bankruptcy court judge in January.Charney denies the sexual harassment charges and has claimed the company was taken from him in a “coup.”American Apparel has lost money every year since 2010. by The Associated Press Posted Nov 14, 2016 9:21 am MDT Last Updated Nov 14, 2016 at 10:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email

Leave a Comment

Your email address will not be published. Required fields are marked *