American Apparel files for second bankruptcy protection
US retailer American Apparel (AA) has filed for its second bankruptcy protection in just over a year.
The youth-focused clothes firm, hit by years of losses, will continue trading while it negotiates a potential sale of assets to Canada's Gildan Activewear.
Gildan said it had offered $66m (£53m) for the rights to the AA brand and stock, but did not want the stores.
AA, known for racy advertising and legal battles with founder Dov Charney, emerged from bankruptcy in February.
The company said last week that it was winding down its operations in the UK.
AA has been looking for a buyer and has... read more
- 20:31 EastEnders spoilers: Max and Rainie Branning vow to get baby Abi back
- 20:30 Judge appoints 'special master' to review seized Trump lawyer...
- 20:19 Middlesbrough judge tells beggar jail 'may save your life'
- 20:17 Get souped up at Howlands evening
- 20:15 Nine teenage hikers killed in Israel flash floods
- 20:12 Bercow should stand down before next election, Boothroyd hints
- 20:09 Zika virus could be a CURE for brain cancers that kill children,...
- 20:09 Why 'little and often' exercise is so good for you: Daily workouts...
- 20:05 Teenager screams ‘I’m Jesus’ when he is arrested for leading cops...
- 20:04 Theft probe GP found dead with girlfriend in Cape Verde
- 20:00 Avicii's family say DJ 'could not go on any longer'
- 19:59 Family of DJ Avicii say ‘he could not go on any longer’
- 19:59 Bill Cosby found guilty of sexual assault
- 19:57 Eoin Morgan not daring to dream of World Cup glory despite...
- 19:57 FA’s proposed sale of Wembley to Shahid Khan is a sign of the times
- 19:56 Arsene Wenger explains why David Ospina starts for Arsenal against...
- 19:54 Cancer researchers claim 'extraordinary results' using T-cell therapy
- 19:52 Home Office ditches targets for removing immigrants from UK
- 19:52 'Our standards should be higher' - Wolves fans react to £20m...
- 19:52 Leader comment: Preparing a best of British welcome for Mr Trump
- 19:52 Saido Berahino's problems increase at Stoke City - here's Paul...
- 19:48 'Alfie Evans has a right to life' - Protesters gather at Leicester...
- 19:46 Fans claim Avicii’s team ‘has blood on their hands’ as family...
- 19:45 TSB rift with Spanish owner emerges as IT crisis drags on
- 19:44 Alfie Evans' parents urge supporters to stand down as they prepare...
- 19:44 High street gloom: What are your redundancy rights?
- 19:41 Aldi branded 'ruthless' over compensation offer in planning battle
- 19:39 Russell Brand cancels Aberdeen stand-up show
- 19:37 Canada data firm AIQ may face legal action in UK
- 19:35 Russia says its witnesses discredit alleged chemical attack in Syria