The High Court have appointed a provisional liquidator to American Apparel Dublin. The US Clothing retailer has one Irish Store at 114-116 Grafton Street and has been trading in the capital since 2007.
Provisional liquidators have been assigned to American Apparel after being informed that the Irish store is insolvent and unable to pay its debts. Its American parent, American Apparel group have filed for bankruptcy in the US meaning they can no longer support the Irish store with stock supplies, credit and finance management.
The leased premise at 114-116 Grafton Street is the only realisable asset it has in its premise, with no warehouse in Ireland. Most recent accounts for 2014 show it had accumulated losses of around €1.3 million.