American Apparel under bankruptcy

American Apparel is being circled by Jamie Salter’s Authentic Brands Group, a licensing company which is keenly interested in owning the bankrupt clothier, sources told The Post.

The Los Angeles-based teen retailer filed for bankruptcy protection on Monday after a tumultuous year of financial losses, litigation, labor unrest and a contentious war with its ousted chief executive and founder, Dov Charney.

Authentic Brands, the New York-based owner of iconic and celebrity brands, including Juicy Couture, Frederick’s of Hollywood and Marilyn Monroe, would break American Apparel into pieces, collecting royalties from retail, wholesale and manufacturing partners — but the fate of American Apparel’s Los Angeles manufacturing facility, employing some 3,000 workers, would be left to Authentic Brand’s partners. Charney’s role — if any — is not clear.

Charney’s $8 million equity position will lost in the bankruptcy.

His shares are controlled by New York hedge fund Standard General, which gave him a loan last year to keep control of the company.

“Dov is very focused on injecting himself back into the company,” said John Brooks, a former American Apparel executive.

The filing in US Bankruptcy Court in Delaware was seen by many as an inevitable outcome for the company.

American Apparel’s secured lenders have agreed to a pre-arranged restructuring in which they would convert over $200 million of the company’s bonds to an equity interest in the reorganized company and provide the retailer with financing for operating capital.

The company’s lenders will provide $90 million in debtor-in-possession financing, plus $70 million in new financing.