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American Apparel Will Run Out Of Money In 12 Months And Lenders Are Sitting Idle

2015-08-12 10:29:30| Apparel - Topix.net

American Apparel is struggling to draw in buyers from its teen demographic and the company is warning investors that it could run out of money in the next 12 months and may be unable to raise additional capital. The company says it is in talks with lender Capital One Business Credit Corp to waive a non-compliance protocol, but there is no guarantee of a waiver.

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