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American Apparel
Former American Apparel lender urges retailer to look at 'strategic options'
Former American Apparel lender urges retailer to look at 'strategic options'

Hedge fund Lion Capital has nominated one of its founders for a seat on the American Apparel Inc. board and is pushing the Los Angeles retailer to weigh "strategic alternatives," presumably including a sale of the company. The London-based Lion Capital holds warrants to buy 12% of the clothier's stock, which allows it to nominate two directors. The hedge fund originally designated Lucky Brand Jeans co-founder Gene Montesano for a seat, but told American Apparel on Sunday it was switching to co-founder Lyndon Lea, according to a securities filing. The hedge fund also asked the retailer to form a special committee to "evaluate" its options going forward and include...

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