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.
10:57 CMO Today: AT&T’s Ambitious Advertising Plans With Time Warner Deal24
14:38 Tesla buyers banned from ride-sharing with their vehicles8
11:10 Merged BAT-Reynolds could be loaded with up to $55 billion of debt, analysts say7
11:25 Every Tesla car will contain the hardware to drive itself2