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AllSaints' parent company doubles stake in American Apparel

Lion Capital, the owner of premium retailer AllSaints, has upped its investment in US chain American Apparel.

The young fashion retailer, famed for its risqué advertising campaigns, has refinanced a $200m (£131m) loan from Lion Capital and a hedge fund backed by business magnate George Soros, the Telegraph reports.

As a result of the deal Lion Capital, which acquired AllSaints in May 2011, has now doubled its investment in American Apparel since stepping in to rescue it in 2009.

In December last year, American Apparel was told by the Advertising Standards Agency to remove “sexually suggestive” photos of topless women from its website.

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