American Apparel files for bankruptcy

American Apparel, the troubled chain that boasts of “Made in the USA” fashions, has filed for voluntary bankruptcy protection on the back of a growing list of woes. The Los Angeles-based company has been embroiled in a drawn-out legal battle with its ousted founder and former CEO, Dov Charney, and has seen declining sales since 2010, leading to a series of steep losses. “This restructuring will enable American Apparel to become a stronger, more vibrant company,” said CEO

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