American Apparel Lives to Fight Another Day
Several sources today say that American Apparel has filed for Chapter 11 bankruptcy. This does not affect screen print shops, don’t get your (skimpy American Apparel) panties in a bunch over it. Without giving it much thought I can think of at least five large companies in our industry that have been through Chapter 11.
This move by American Apparel for the most part turns creditor’s debt into equity and probably will make the company stronger in the long run. I would not worry about supply of shirts, if anything I would guess that inventory levels will improve.
Personally I am rooting for them to make it, they have been an industry leader and pioneer in both fashion and how to treat your employees.