By  on August 17, 2010

American Apparel Inc. said weak trends in its business and pressure to meet obligation to lenders "raise substantial doubt that the company will be able to continue as a going concern."

The firm, headed by chief executive officer Dov Charney, said that barring a concession from its second lien lender, it would likely not meet the requirements of its minimum consolidated EBITDA covenant by Sept. 30.

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