American Apparel Gets $300M Takeover Bid From Investor Group

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...