clock menu more-arrow no yes

Filed under:

American Apparel Deathwatch Back On

New, 1 comment

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

No wonder American Apparel wasn't exactly expedient about filing their second-quarter report with the SEC: it was really, really bad. Like "second-quarter loss of nearly $15 million" bad. According to the report, American Apparel "may not have sufficient liquidity necessary to sustain operations for the next 12 months." [WWD, NBC New York]