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Leveraged Buyouts
Speculation builds over sale of American Apparel
Speculation builds over sale of American Apparel

Is American Apparel Inc. up for sale? The Los Angeles company's abrupt ouster this week of Chief Executive Dov Charney has sparked intense speculation that it is now a prime takeover target. But those rumors were vehemently dismissed Friday by its interim chief executive. "We have zero intention to sell the company," John Luttrell, who is also the retailer's chief financial officer, told The Times. Some industry watchers say, however, that American Apparel's brand appeal and loyal core of shoppers would make it an enticing prospect for a private equity firm or even another retailer. "When the board ousted him, it was simultaneously erecting a huge,...