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Wardrobe malfunction?

The iconic clothing company American Apparel is in financial trouble.

This is the company that Montrealer, Dov Charney started by making T-shirts and leggings right here in North America at a time when most clothing manufacturing had moved to China.

That appealed to its hip, young customers.

Now American Apparel is carrying over $120 Million in debt, its auditor Deloitte & Touche has resigned and the American Stock Exchange has threatened to delist the company.

Dov Charney is CEO and founder of American Apparel.

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