Skip to content

Is American Apparel going out of fashion?

June 17, 2010

In two weeks time investors will decide the fate of Los Angeles based retailer American Apparel, as the company revealed that in-store sales were still down 10 per cent, whilst the rest of the high street has slowly clawed out of recession. The company used London-based investors, Lion Capital to bailed themselves out with a loan just over a year ago;  now suffering under the weight of its £64.6m debt, Lion Capital will have to decide if it wants to turn that debt into a share of the company, or put American Apparel into bankruptcy.

american apparel advert tights los angeles based fashion company hey crazy Why is American Apparel going out of fashion
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: