The US clothing company American Apparel has filed for chapter 11 bankruptcy.
The retailer said it's already reached agreements with its creditors over 95 per cent of it secured debts - if that deal's approved in court, it says it will be able to stay in business.
Lorna Shaddick reports from New York.
IN: American Apparel flirted with...
OUT: SOC
DUR: 40 seconds
POT: 27 seconds
ARN: http://www.fsnradionews.com/feeds/1005amap-ls-arn.mp3
FM4: http://www.fsnradionews.com/feeds/1005amap-ls-fm4.mp3
GENERIC: http://www.fsnradionews.com/feeds/1005amap-ls-generic.mp3
ICRT: http://www.fsnradionews.com/feeds/1005amap-ls-icrt.mp3
NIGERIA: http://www.fsnradionews.com/feeds/1005amap-ls-von.mp3
RNZ: http://www.fsnradionews.com/feeds/1005amap-ls-rnz.mp3
SRN: http://www.fsnradionews.com/feeds/1005amap-ls-srn.mp3
VATICAN: http://www.fsnradionews.com/feeds/1005amap-ls-vat.mp3
ZIZ: http://www.fsnradionews.com/feeds/1005amap-ls-ziz.mp3