American Apparel Retains Firm to Explore Options

6/23/2014
American Apparel, Inc. has hired advisory firm Peter J. Solomon Company.

"We believe the hiring of a financial and strategic advisor at this important juncture is in the best interest of our stockholders and will help maximize long-term shareholder value," said John Luttrell, interim CEO and CFO. "Although the company currently is on track to meet its previously disclosed 2014 EBITDA, we are pleased to be working with Peter J. Solomon to ensure that we have adequate access to capital in the future at a reasonable cost."

Peter J. Solomon Company is a 25-year-old investment banking advisory firm that concentrates on mergers, acquisitions, divestitures, recapitalizations, restructurings and fairness opinions.
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