Toronto bigwigs give American Apparel a second chance
A few months ago, we reported on the recent financial woes facing American Apparel. The L.A.-based manufacturer had been teetering on the edge of bankruptcy as it struggled with rising cotton prices and a host of other problems. But now a group of Canadian investors has come to rescue the purveyor of leg warmers, neon T-shirts and sparkly leggings, The Globe reports.