American Apparel sees bright future after bankruptcy

Wilmington, Delaware

IF American Apparel gets the bankruptcy turnaround it envisions, the fashion chain will soon have its most profitable years ever, according to court documents filed on Thursday.

In a filing with the US Bankruptcy Court in Wilmington, Delaware, the company known for its sexually charged advertising projected it would return to profit in 2018, its first money-making year since 2009. By 2020, the company projected a net profit of US$23.7 million, well above its previous peak in 2007.