Former American Apparel gets exclusivity extension to continue talks

By Caroline Salls

Pittsburgh, June 26 – APP Winddown, LLC, formerly American Apparel, LLC, received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

APP’s exclusive plan-filing period was extended to July 12 from March 14 and the solicitation period through Sept. 10.

With the sale of its intellectual property and wholesale assets now completed, the company said it is now focusing on monetizing the remainder of its assets for the benefit of creditors.

At the same time, APP said it is beginning to assess its options for exiting these cases, including a possible Chapter 11 liquidating plan.

The company said the extension will allow plan discussions to continue.

American Apparel is a Los Angeles-based manufacturer, distributor and retailer of branded fashion basic apparel. The company filed for bankruptcy on Nov. 14, 2016 under Chapter 11 case number 16-12551.

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