American Apparel hangs on to its made-in-America model — by a thread
- 9 years ago
doubts are building about whether American Apparel can stay in the U.S. - and in Los Angeles.
Even after the company filed for Chapter 11 bankruptcy protection Monday, American Apparel Chief Executive Paula Schneider said management had no plans to move manufacturing operations from Los Angeles to foreign soil.
The restructuring that lies ahead, she said, will enable American Apparel to keep production in the U.S. "That's what makes us a really important company and a company that needs to thrive and be saved," she said.
But many analysts said American Apparel may have no choice - and that the company would be foolhardy not to be planning a move soon.
Even after the company filed for Chapter 11 bankruptcy protection Monday, American Apparel Chief Executive Paula Schneider said management had no plans to move manufacturing operations from Los Angeles to foreign soil.
The restructuring that lies ahead, she said, will enable American Apparel to keep production in the U.S. "That's what makes us a really important company and a company that needs to thrive and be saved," she said.
But many analysts said American Apparel may have no choice - and that the company would be foolhardy not to be planning a move soon.