Lion Capital sends letter to American Apparel urging it to explore options: source

(Reuters) - The board of American Apparel Inc has received a letter from British buyout firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said on Sunday.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/27EOP-ROFi0/story01.htm