American Apparel Seeks Bankruptcy Protection Again

Money

Bloomberg:

American Apparel Inc. filed for bankruptcy less than a year after ending its first stint under court protection, and agreed to sell the brand to Gildan Activewear Inc., a Canadian maker of T-shirts and underwear, for about $66 million.

American Apparel filed for protection from creditors Monday, Gildan said in a statement. The Montreal-based company said it’s not buying any stores.