October 12, 2015
Coming Apart it Seems: Exterior of American Apparel’s downtown L.A. HQ, which touts firm’s made-in-America policy.
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The American Apparel brand is returning to retail. Canadian apparel maker Gildan Activewear Inc., which purchased the bankrupt downtown clothing manufacturer’s intellectual property for $88 million in February, plans to sell some of American Apparel’s classic items through its former ecommerce site starting Aug. 14, Gildan said in a news release.
Following its sale last week to a Canadian clothing manufacturer, American Apparel began laying off about 2,400 employees in Southern California, Reuters reported Monday. The majority were at the company’s downtown headquarters.
The Canadian clothing manufacturer which put in a stalking horse bid for American Apparel has won the bankruptcy auction, the buyer announced today.
Amazon.com Inc. and Forever 21 have joined the ranks of suitors interested in acquiring bankrupt clothing company American Apparel, Reuters reported on Jan. 4.
FASHION: Associates say ousted clothing exec has unique traits.
Associates of Dov Charney hope the controversial exec fashions a future away from American Apparel.