American Apparel files for Chapter 11 bankruptcy

October 5, 2015 12:07 PM

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The bankruptcy comes more than a year after the company ousted its controversial CEO, Dov Charney, over allegations of misconduct.

American Apparel filed for Chapter 11 bankruptcy on Monday following a rocky period in which its made-in-the-U.S. model faltered and its controversial CEO became embroiled in controversy over his behavior in the workplace.

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