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American Apparel

American Apparel is an American clothing manufacturer, designer, distributor, marketer and retailer based in Los Angeles, California. Founded by Dov Charney in 1989, it is a vertically integrated company that is one of the largest apparel manufacturers in North America.

The company, which has not made a profit since 2009, filed for chapter 11 bankruptcy in the U.S. on October 5, 2015 in the United States Bankruptcy Court for the Central District of California. It has been reported that the brand has agreed a plan with its creditors to convert $200 million of debt into equity, $90 million in debtor financing and $70 million in new capital.

(Wikipedia)
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