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American Apparel to file second bankruptcy

Published Mon, Nov 14, 2016 · 09:50 PM
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New York

AMERICAN Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing US teen retailers and a rocky relationship with its founder, according to people familiar with the matter.

A second bankruptcy would come as the retailer struggles to overcome years of losses and rising online competition. The company became a part of popular culture for its racy advertisin…

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