The Traderszone Network

Published in TZ Latest News 17 August, 2015 by The TZ Newswire Staff

American Apparel raises going concern doubts

American Apparel said last week it doesn’t expect to have sufficient funds to keep the business running for the next 12 months, and warned shareholders may lose some or all of their investments. Capital One handed over the credit facility to a syndicate of lenders that includes Standard General LP and had been replaced as a lender by Wilmington Trust, National Association on August 17, American Apparel said.