Headlines

American Apparel Seeking Bankruptcy Advisors

Crafting restructuring plan

Published

9 years ago

August 26, 2015

Bloomberg Business reported yesterday that American Apparel Inc. (Los Angeles) is seeking advisors for company restructuring in bankruptcy court. The company has declined to comment.

After several attempts to bolster funding including increasing credit lines from $50 million to $90 million, reports suggest American Apparel will struggle to make its interest payment on Oct. 15.

The report comes after American Apparel’s announcement last week that it may struggle to continue operations in the next year.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design