Bleeding Cash and Losing Credibility With Its Lenders, American Apparel Was Close to Being Forced Into Bankruptcy
Bleeding Cash and Losing Credibility With Its Lenders, American Apparel Was Close to Being Forced Into Bankruptcy
2 Pageswww.fticonsulting.com “ FTI Consulting worked seamlessly and cooperatively with the American Apparel management team and was very effective in helping drive our turnaround efforts. ” JOHN LUTTRELL CFO, American Apparel AMERICAN APPAREL SITUATION: BLEEDING CASH AND LOSING CREDIBILITY WITH ITS LENDERS, AMERICAN APPAREL WAS CLOSE TO BEING FORCED INTO BANKRUPTCY. In early 2010, clothing manufacturer and retailer American Apparel’s fortunes
