By Jessica DiNapoli NEW YORK (Reuters) – American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of popular culture for its racy advertising and mercurial founder, Dov Charney. American Apparel has been trying to find a buyer for the company, and began discussing a possible sale with brand licensor Sequential Brands Group Inc as well as financial services company B. Riley Financial Inc after talks with brand licensor Authentic Brands Group LLC stalled.
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American Apparel to file for bankruptcy as soon as Monday: sources
