Exclusive: Next Level Apparel challenges Gildan with bid for bankrupt American Apparel - source

California-based apparel maker Next Level Apparel has submitted an offer to challenge a $66 million bid from Canadian apparel manufacturer Gildan Activewear Inc for bankrupt American Apparel LLC, a person familiar with the matter said Monday. American Apparel plans to ask a judge for approval on Jan. 12. American Apparel, in its second bankruptcy, is being sold in an auction that began Monday morning in New York.