Several companies have reportedly expressed interest in acquiring the debt-laden American Apparel.
Brand licensors Authentic Brands Group and Iconix Brand Group are among the companies eying the chain,
Reuters reported.
Negotiations could lead to American Apparel filing for bankruptcy for the second time in two years, according the report, as a filing would allow the buyer of the chain to leave behind liabilities of tens of millions of dollars, including leases for more than 200 stores.
Click
here for more.