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American Apparel Posts Wider Preliminary Loss, Bloomberg

August 12, 2015, 07:57 AM
Filed Under: Apparel

Bloomberg reported American Apparel Inc. posted a wider second-quarter loss in a preliminary earnings statement and said it won’t be able to report official figures on time because its management is engaged in talks with lenders.

According to the Bloomberg report, the net loss expanded to about $19.4 million from $16.2 million the company said Tuesday in a filing.

Bloomberg also said American Apparel said it found that it may not be in compliance with certain financial-ratio provisions in its revolving credit facility with Capital One Financial Corp.

To read the full Bloomberg report, click here.

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