American Apparel abandons United Kingdom stores, resumes talks with bidders

Maxine SotoNov 10, 2016

The Los Angeles-based clothing manufacturer and retail chain has long grappled with shrinking sales, an outsize store footprint as well as sexual-harassment litigation tied to Mr. Charney, who founded American Apparel as a wholesale T- shirt business in 1998.

The US fashion chain's 13 United Kingdom stores look set to close after falling foul of the tough trading conditions in Britain and America.

Administrators from United Kingdom -based restructuring firm KPMG said American Apparel's 13 stores were placed in administration, a process similar to chapter 11 in the U.S.

American Apparel's United Kingdom business is likely to be closed after the fashion retailer appointed administrators on Tuesday.

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The Los-Angeles based company is in the process of selling its brand and U.S. business, however the United Kingdom and other European operations are not part of the sale so are therefore likely to be wound down.

The thirteen United Kingdom stores are likely to continue trading through Christmas, but will shut early in 2017.

The UK business now trades from 13 stores, including London, Brighton, Bristol, Nottingham, Leeds and Glasgow. The UK business has experienced similar trading difficulties, resulting in the appointment of administrators.

The retailer also has outlets in Glasgow, Brighton, Nottingham, Bristol and Leeds.

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American Apparel declined to comment but pointed to the KPMG statement.

The Los Angeles-based firm said previous year that it had reached a restructuring deal with 95% of its secured lenders to reduce its debts.

The struggling firm is in talks to be sold to a number of licensing firms in a complicated United States deal that may mean the business would again have to go the bankruptcy courts. The business first traded as a public company in 2007.

American Apparel, which filed for bankruptcy a year ago, lost its chief executive, Paula Schneider, in October.

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