American Apparel Inc., set to emerge from bankruptcy this month, has received a takeover bid of more than $200 million from an investor working with ousted Chief Executive Officer Dov Charney, Bloomberg News reported yesterday. Should the offer be accepted and a deal completed, the plan would be for Charney to return in some capacity to the company he founded in 1998. Charney was fired more than a year ago after allegations of misconduct, charges that his lawyer has denied. In his bid to return, Charney faces long odds because American Apparel’s bankruptcy case is reaching its final stages. Suffering declining sales and losses, the company sought protection from creditors in October with a prearranged plan that hands ownership of the company to bondholders, led by Monarch Alternative Capital, in exchange for a reduction in debt. The plan was supported by 95 percent of secured lenders, who will be fully repaid under the proposal.
