Source: United states Apparel
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"even as we have frequently communicated to workers, suppliers and customers, we continually examine strategic options, " American Apparel, that is now possessed by its former creditors, said in a declaration.
Whenever contacted for opinion, Charney said he would must see just what the asking price for their old company is before considering making a quote. He included that he is taking care of setting up a new apparel company.
Charney, with support from investors that included Hagan Capital Group and Silver Creek Capital Partners, had installed an unsuccessful $300 million bid for American Apparel in January.
Houlihan Lokey declined to review.
Charney was fired as CEO of American Apparel in 2014. The company cited improper behavior and abuse of organization funds.
In March, United states Apparel named the previous head of handbag retailer Liz Claiborne, Paul Charron, as president of its new board of directors.
Teen clothes shopping happens to be hit because of the developing rise in popularity of internet shopping. At the least eight teen apparel merchants have submitted for personal bankruptcy this present year amid fierce competition and stagnating sales, including Aeropostale, Pacific Sunwear of California, The damp Seal.
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