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American Apparel Inc. is an on the net-only retailer and previous brick-and-mortar stores operator based in Los Angeles, California. In late 2006, American Apparel went by a reverse merger and turned outlined on the American Stock Exchange. Securities and Exchange Commission and the United States attorney's business for the Southern District of New York. In 2007, Imp Kerr designed a bogus American Apparel advert campaign in New York. Many of the styles in American Apparel's promoting are recruited by Charney and his colleagues on the street, or company stores other folks are picked right after sending their photos directly to the business website. In January 2016, the enterprise turned down a $300 million takeover bid from Hagan Capital Group and Silver Creek, two expense companies aligned with Dov Charney. A failure to repay the bank loan would trigger a default on a $50 million credit rating line with Capital One Financial. The proceeds ended up used to repay a extensive-standing, higher-desire credit history facility from Lion Capital and Crystal Financial. Soon immediately after, Lion Capital demanded the compensation of a $10 million bank loan four decades early. In January 2017, American Apparel was acquired at auction for $88 million by Canadian sportswear organization Gildan Activewear

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