American Apparel’s New Meltdown Imperils Goldman Sachs Stake

Updated on
  • Troubled clothing chain files second bankruptcy in 13 months
  • Gildan’s $66 million offer would leave $123 million in losses

An American Apparel Inc. store in Chicago.

Photographer: Daniel Acker/Bloomberg

Goldman Sachs Group Inc. and three other investors stand to lose as much as $123 million after taking a chance on American Apparel Inc., only to see the troubled clothing maker file for bankruptcy for the second time in 13 months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.