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Wednesday, April 6, 2011

American Apparel says not looking for buyer

American Apparel denied a report by a private equity and deals news website that the clothing chain was looking for a buyer. PeHUB reported on its website on Tuesday that American Apparel was working with adviser Rothschild to explore a sale, citing three people familiar with the matter. American Apparel is "absolutely not" looking for buyers, Peter Schey, a spokesman for the company, told Reuters.

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