« Lawsuit Reveals How a Middleman Is Blocking Mortgage Modifications for Homeowners | Main | Report: Dish, Icahn join bidding for Blockbuster »

April 1, 2011

American Apparel warns it may file for bankruptcy

"Troubled clothing chain American Apparel Inc., losing money and faced with a cash crunch, says it may have to file for Chapter 11 bankruptcy protection.

The Los Angeles company warned in a filing with the Securities and Exchange Commission Thursday that it "may need to voluntarily seek protection under Chapter 11 of the U.S. Bankruptcy Code" if it can't improve its sales or cash position or find other sources of financing to keep it afloat."

Read more here.

April 1, 2011 in Current Affairs | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference American Apparel warns it may file for bankruptcy:


I admire the valuable information you offer in your articles. I will bookmark your blog and have my children check up here often. I am quite sure they will learn lots of new stuff here than anybody else!

Posted by: promotional apparel | Apr 26, 2011 6:25:38 PM

Post a comment