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American Apparel urged to "explore options"

Published Mon, Dec 29, 2014 · 09:50 PM
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New York

THE board of American Apparel Inc has received a letter from British buyout firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said.

The letter also said that Lion Capital would nominate Lyndon Lea, one of its founders, to t…

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