FILE - In this Wednesday, July 9, 2014, file photo, passers-by walk in front of the American Apparel store in the Shadyside neighborhood of Pittsburgh. American Apparel announced Monday, Nov. 14, 2016, that the company is filing for bankruptcy protection for the second time in just over a year, unable to find its footing after a contentious fight for control with founder Dov Charney. (AP Photo/Keith Srakocic, File)

FILE - In this Wednesday, July 9, 2014, file photo, passers-by walk in front of the American Apparel store in the Shadyside neighborhood of Pittsburgh. American Apparel announced Monday, Nov. 14, 2016, that the company is filing for bankruptcy ... protection for the second time in just over a year, unable to find its footing after a contentious fight for control with founder Dov Charney. (AP Photo/Keith Srakocic, File) (The Associated Press)

American Apparel files for bankruptcy protection, again

Markets Associated Press

American Apparel is seeking bankruptcy protection for the second time in just over a year, unable to find its footing even after a contentious fight for control with founder Dov Charney.

Continue Reading Below

Canada's Gildan Activewear is buying the brand, notorious for its advertising campaigns, for $66 million.

The Los Angeles retailer first filed for Chapter 11 bankruptcy protection in October 2015, about a year after it fired Charney for violating its sexual harassment policy. Charney's legal campaign to retake control of the company was rejected by a bankruptcy court judge in January.

Charney denies the sexual harassment charges and has claimed the company was taken from him in a "coup."

American Apparel has lost money every year since 2010.