The news ends long-standing speculation swirling around the company's financial health.
The US retailer broke new ground when it first hit the British high street, but its edginess and internet porn aesthetic ended up tarnishing its image.
Last week, the Arts Action Fund released a video of a statement from Democratic presidential candidate Bernie Sanders, asserting that he vows to be an "arts president." Recalling his role in the establishment of the Burlington Arts Council, one of his
The fresh financing would reduce American Apparel's debt to $120 million from $311 million, and its annual interest expenses would fall by $24 million, the company said. The participating bondholders are Standard General,
NEW YORK (TheStreet) — American Apparel (APP) filed for Chapter 11 bankruptcy protection, but its retail operations in the U.S. will continue. A restructuring program will exchange about $200 million in bonds into equity, cutting the teen fashion