American Apparel wants to keep a tight grip on its reorganization plan, according to WWD. The Los Angeles-based retailer asked a judge to extend its exclusivity period for filing a reorganization plan in a move that seeks to block any alternative strategies from being filed.
The company reasoned that multiple plans would likely increase costs and “quite likely impede — rather than facilitate — meaningful progress” toward the company’s exit from bankruptcy, the site reported. Ousted founder Dov Charney reportedly is interested in getting control of the company again.
