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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

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