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Many in the industry have speculated that these recent shifts in the company signal a sale. Rumors have been swirling for some time that American Apparel is hunting for a buyer as part of its post-bankruptcy plans. Some analysts argue that hiring a lawyer, especially one with a background in mergers and acquisitions, as the new CEO could indicate a sale is imminent.
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Hannah Abrams
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Hannah Abrams is the senior content editor for Promo Marketing. In her free time, she enjoys coming up with excuses to avoid exercise, visiting her hometown in Los Angeles and rallying for Leonardo DiCaprio to win his first second Academy Award.
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