The Small Wonder: The Revival Of AA Clothing Company In America

US apparel chain corporation AmericanApparel raised $14 million 900 thousand on the eve of bankruptcy, avoiding the doom of bankruptcy.

AmericanApparel, the US apparel chain corporation, said Canadian financiers were sold through partial discounts of 43%.

AmericanApparel has been facing a decline in sales for a long time. It has recently indicated that if it fails to raise enough capital to continue its operation, the company will have to file for bankruptcy.

According to the latest agreement, new investors can acquire another 27 million 400 thousand shares at the same price within 180 days.

The company said it was also working with Bank of America.

The consultative loan amendment plan is also expected to abandon the requirement that the "normal operation" or similar statement should not be included in the 2010 performance report.

The company's share price fell to $1.4 on Tuesday, rising to $1.5 last year, a drop of 5%.