American Apparel LLC May Go Bankrupt Again

American Apparel LLC may not be far away from the second bankruptcy.

Citing the news, the United States

Producers and retailers are preparing to file for bankruptcy again, which will probably take place in the next few weeks.

According to people familiar with the matter, American Apparel LLC has failed to get enough improvement in its performance since its reorganization and bankruptcy in February. It has sought help from restructured company Berkeley Research Group.

American Apparel LLC LLC hopes to withdraw part of the lease through the second bankruptcy reorganization and end some retail businesses. The news also revealed that the plan has not yet been implemented, and that the upcoming holiday season may affect the decision.

Last week

Rumors of the two bankruptcy of American Apparel LLC have been heard.

In August, Houlihan Lokey Inc. has been hired to deal with the sale of Hua lien bank. The group not only won the acquisition of Ronald Burkle private equity and Vc firm Yucaipa Cos., but also attracted Iconix, Brand Group Inc. (Group) Ai Kang nice group and

Management company.

According to people familiar with the matter, some potential buyers want to get wholesale business and intellectual property rights of American Apparel, leading to the fact that about 200 stores will be abandoned.

Customer Growth Parnters retail expert Craig Johnson pointed out that it is obvious that the American Apparel brand is stronger than American Apparel LLC.

If Iconix Brand Group Inc. acennis and other brand management companies acquire IP of American Apparel, it is likely to be authorized to other producers and retailers, so there is no need for the current huge retail network.

Earlier, Bebe Stores Inc. NASDAQ:BEBE, an American clothing retailer on the verge of delisting and a further bankruptcy crisis, also managed to survive by selling IP to Bluestar Alliance LLC, a brand management company.

There is also a source saying that other potential purchasers believe that the retail stores of American Apparel LLC are attractive, so they will only consider closing some of the stores. It may be that last month the two largest commercial developers jointly with the United States acquired ABG of another bankrupt young apparel retailer, A ropostale Inc..

At the beginning of September, consortium composed of Simon Property Group Inc. (NYSE:SPG) Simon real estate group, General Growth Properties Inc. (NYSE:GGP), ABG and creditors successfully bid for the May bankruptcy protection in May, thus continuing to operate 400 American stores, as well as e-commerce business and international authorized business, retaining thousands of jobs.

Now, ABG and Simon Propecrty Group Inc. Simon real estate group are likely to apply the mode of A ropostale Inc. to American Apparel LLC. The brand management company gets the brand name of the bankruptcy brand and the commercial real estate developer rescuing the bankrupt brand store in its shopping malls.

At present, the owners of American Apparel LLC are former creditors, Monarch Alternative Capital LP, Standard General LP, Monarch LP, Monarch, and Alternative.

Recently, American Apparel LLC has also undergone management alternation. After being kicked away from the founder and former CEO Dov Charney, Paula Schneider, who has been CEO, has been hopping off. The Israeli clothing giant Delta Galil Industires (Deda Guy Ley) group is a group of 3 brands composed of 3 brands, such as the 7 brands, which were recently acquired by the group.

Now the new CEO of American Apparel LLC is Chelsea Grayson, the general legal adviser of the group in the past two years.

In August, the former chairman of American Apparel LLC Paul Charron also left, replaced by Brad Scher, a board member.