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Charney Has 'Mild Interest' in American Apparel, Which Goes on the Block

American Apparel LLC is seeking a buyer just six months after emerging from bankruptcy, and the clothing retailer's founder and former CEO, Dov Charney, told The Deal, a unit of The Street, that he has a "mild interest" in making an offer.

A source familiar with the situation, who requested anonymity, confirmed reports that the company, known for its American-made ethos and provocative advertising, has hired Houlihan Lokey to evaluate a sale.

"As we have regularly communicated to employees, vendors and customers, we continuously evaluate strategic alternatives,"...