April 6, 2018
Amazon and Forever 21 are also weighing offers for the Los Angeles-based apparel retailer.
In addition, reatilers Amazon.com, fashion retailer Forever 21 and fashion brand Next Level Apparel are also considering making offers to acquire the Los Angeles-based retailer.
reports that a successful offer would have to top a $66 million stalking horse bid by Canadian apparel-maker Gildan Activewear, which American Apparel agreed to when it filed for bankruptcy.
If Amazon were to acquire the apparel company, it would be a major push for the e-commerce site into own-label fashion and apparel.
In addition to the fashion brand itself, the bankruptcy auction will also determine the future of a major clothing manufacturing plant in California.
An outcome in the auction is expected this week.
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