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American Apparel's Post-Bankruptcy Plans

2015-10-18 02:53:07| Apparel - Topix.net

Retailer American Apparel has started laying out its post-bankruptcy plans after filing for Chapter 11 protection October 5. The company was once valued at nearly $1 billion USD in 2007, but a recent analysis by investment bank Moelis & Company reveals that number has dwindled to somewhere between $180 and $270 million USD. At risk is the ongoing battle with founder Dov Charney, who was fired as CEO last year, but remains listed as one of the creditors.

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