American Apparel, Inc. a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced that it received a letter from the NYSE MKT LLC (the “Exchange”) indicating that the Company has resolved the continued listing deficiency previously identified by the Exchange.
On February 28, 2014, American Apparel received a letter from the NYSE MKT LLC (the “Exchange”) stating that the Company was not in compliance with the continued listing standards of the Exchange set forth in Section 1003(a)(iv) (financial impairment) of the NYSE MKT LLC Company Guide (the “Company Guide”).
On April 15, 2014 the Exchange issued a letter to the Company indicating the Company has successfully resolved the continuing listing deficiency.
American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. As of March 31, 2014, American Apparel had approximately 10,000 employees and operated 249 retail stores in 20 countries.