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American Apparel Gains Access to $90 Million USD

2015-10-08 03:39:06| Apparel - Topix.net

Despite filing for bankruptcy on Monday in the wake of nearly $20 million USD in losses and an 87% decrease in share prices, American Apparel is not yet finished. Today a Judge Brendan Shannon in Wilmington, Delaware gave the retailer approval to tap into as much as $90 million USD in loans as it attempts to reorganize following years of losses.

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Category:Consumer Goods and Services

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