American Apparel's co-chairman said Monday the company was not for sale, had no need for immediate capital. "If someone came and said they want to buy American Apparel for $10 per share, we'd be crazy to not listen ... but by no means (are we) looking to sell now," Allan Mayer, the company's new co-chairman, told Reuters. American Apparel's shares were trading at 67 cents Monday afternoon. Ex-CEO Dov Charney, is the largest shareholder in the company with a 27.2 percent stake.
