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American Apparel files for Ch. 11 bankruptcy protection

2015-10-06 12:03:55| Apparel - Topix.net

Days of torrential rains kept much of South Carolina and its capital gripped by floodwaters early Monday as emergency responders promised renewed door-to-door searches for anyone still trapped after a weekend... Days of torrential rains kept much of South Carolina and its capital gripped by floodwaters early Monday as emergency responders promised renewed door-to-door searches for anyone still trapped after a weekend deluge and... The White House is announcing the designation of two new National Marine Sanctuaries - the first chosen in 15 years - as part of President Barack Obama's efforts to protect the environment. Hurricane Joaquin is locked in a dance with an extraordinarily heavy rainstorm that is already drenching the Carolinas.

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Will bankruptcy cost American Apparel its cool?

2015-10-06 00:55:40| BBC News | Business | UK Edition

Will bankruptcy cost American Apparel its cool?

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Embattled American Apparel Tries On Bankruptcy

2015-10-06 00:30:49| Electronics - Topix.net

Los Angeles-based clothing manufacturer, with stores in Irvine Spectrum, Huntington Beach and Costa Mesa, will file for Chapter 11. Trendy Los Angeles-based clothing manufacturer and retailer American Apparel, which fired its founder and CEO last year amid allegations of personal misconduct and misuse of company funds and which has been facing serious financial challenges, says it is filing for Chapter 11 bankruptcy protection today after striking a deal with 95 percent of its secured lenders. "This reorganization will enable the company to implement a comprehensive transformation strategy to revitalize the business and brand, while keeping its production and operations in the U.S.," the company said in a statement.

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Embattled American Apparel Tries On Bankruptcy

2015-10-05 23:34:03| Semiconductors - Topix.net

Los Angeles-based clothing manufacturer, with stores in Irvine Spectrum, Huntington Beach and Costa Mesa, will file for Chapter 11. Trendy Los Angeles-based clothing manufacturer and retailer American Apparel, which fired its founder and CEO last year amid allegations of personal misconduct and misuse of company funds and which has been facing serious financial challenges, says it is filing for Chapter 11 bankruptcy protection today after striking a deal with 95 percent of its secured lenders. "This reorganization will enable the company to implement a comprehensive transformation strategy to revitalize the business and brand, while keeping its production and operations in the U.S.," the company said in a statement.

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American Apparel bankruptcy: Is there still a market for US-made clothing?

2015-10-05 23:33:09| Apparel - Topix.net

American Apparel's Monday announcement highlights how US-made clothing is struggling to compete with fast-fashion retailers taking over the market with cheap, trendy apparel manufactured overseas. Passers-by walk in front of the American Apparel store in the Shadyside neighborhood of Pittsburgh on July 9, 2014.

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