American Apparel has received a new $300 million buyout offer from Hagan Capital Group and Silver Creek Capital Partners as its bankruptcy case nears its close. The latest buyout offer is backed by the founder and former chief executive Dov Charney, who was ousted by his own board in 2014. American Apparel rejected $200 million bid from Charney In October, American Apparel filed for Chapter 11 bankruptcy protection as it sought to restructure its debt and return to profit. The Los Angeles-based company hasn’t made a profit since 2009 and joins a growing number of U.S. retailers which have been unable to adjust to…
American Apparel Gets $300M Takeover Bid From Investor Group
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports