By  on July 13, 2011

American Apparel Inc. continues to garner new funding from the Canadian investment group that bailed the company out in April.

The trendy Los Angeles-based retailer received $1.6 million on Tuesday, according to sources, as the investment group, headed by Michael Serruya, exercised another batch of warrants that were part of the April purchase agreement that pumped a critical $14.2 million into American Apparel’s coffers and staved off a potential bankruptcy.

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