American Apparel raises going concern doubts

August 17, 2015 10:15 PM

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American Apparel raises going concern doubts

Troubled teen retailer American Apparel Inc (APP.A) on Monday raised going concern doubts, saying it may not have enough capital to sustain operations for the next 12 months as losses widened and cash flows turned negative.

As of August 11, the company had about $11.2 million in cash, it said in a regulatory filing on Monday.

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