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Tuesday, January 12, 2016

American Apparel Gets $300 Million Takeover Offer

The American Apparel store logo is displayed in a window of a store on October 5, 2015 in New York City. American Apparel has filed for Chapter 11 bankruptcy protection nearly a year after the ousting of founder and CEO Dov Charney. In its latest quarter, the youth driven clothing company reported a loss of $19.4 million. (Spencer Platt/Getty Images)

The American Apparel store logo is displayed in a window of a store on October 5, 2015 in New York City. (Spencer Platt/Getty Images)

This week American Apparel got a $300 million takeover offer from investors backed by the clothing company’s controversial former CEO Dov Charney. The bid came the same day that stakeholders approved American Apparel’s reorganization plan announced when the company filed for Chapter 11 bankruptcy in October.

Here & Now‘s Jeremy Hobson looks at what’s happening with the struggling retailer with Jason Bellini of the Wall Street Journal.

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Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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