- American Apparel is an American clothing manufacturer, designer, distributor, marketer and retailer based in Los Angeles, California
American Apparel Net worth 2024 (estimated)
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American Apparel facts
- Founded by Dov Charney in 1989, it is a vertically integrated company that is one of the largest apparel manufacturers in North America
- The company, which has not made a profit since 2009, filed for chapter 11 bankruptcy in the U
- S
- on October 5, 2015 in the United States Bankruptcy Court for the Central District of California
- It has been reported that the brand has agreed a plan with its creditors to convert $200 million of debt into equity, $90 million in debtor financing and $70 million in new capital
- As of February 5, 2016, American Apparel has officially exited bankruptcy after its financial restructuring plan was accepted by the Bankruptcy Court in Delaware
- With this, the company is now privately owned by its creditors and bond holders, thus severing ties with all former stockholders as well as ex-CEO and founder Dov Charney
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