American Apparel Seeking $10 Million From a Private Investor

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An "individual investor" is said to be talking to the company about investing that money. This person "isn't a well-known name" but could strike a deal as early as this week. However, even if that goes through, American Apparel — which is facing a bankruptcy filing — would still need to raise another $10 to $15 million. [WSJ] Related: The Dov Charney Look Book