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Nov 17, 2016

Mark Brutzkus Speaks to Apparel News on Second American Apparel Bankruptcy Filing

Apparel News recently asked Mark Brutzkus to comment on troubled fashion retailer American Apparel’s second filing for bankruptcy protection. According to Mark, filing two bankruptcies in a 12-month period is unusual, and a sign that the company was fighting an uphill battle.

“Paula Schneider and new designers/merchandisers were brought in to revamp/freshen up the brand,” said Mark. “Obviously, they could not right a sinking ship and when the company could not be sold in tact, it was obviously decided to sell off certain assets and close down the retail portion through a bankruptcy liquidation.”

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