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American Apparel says may not have enough funds for next 12 months

2015-08-12 01:53:22| Apparel - Topix.net

The company, which is being sued by founder and former CEO Dov Charney, said it could breach covenants related to a credit facility. American Apparel said it was in talks with the lender -Capital One Business Credit Corp - to waive the non-compliance, but said there could be no guarantee of a waiver.

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