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American Apparel Has Received a $200M Bid from Dov Charney

Can the man responsible for American Apparel’s rise and rapid fall turn around its fortune? Someone seems to think so.

An unnamed investor has backed a $200 million takeover bid by Dov Charney for the struggling clothing store chain, the Los Angeles Times reported Thursday, citing a source familiar with the matter.

Read more at Sourcing Journal.