Gildan Activewear Wins Bid for American Apparel
January 11, 2017
Montreal-based Gildan Activewear has won the bankruptcy auction for American Apparel. The $88 million bid will ensure ownership of the Los Angeles-based brand and some of its manufacturing operations, according to Reuters.
Endowed with roughly $177 million in debt, American Apparel filed its second Chapter 11 last November. American Apparel currently operates more than 250 retail locations.
The Home Depot Plans Rollout of Rooftop Solar Powers
August 18, 2017 • Retail
Atlanta-based hardware retailer The Home Depot has revealed plans to install solar panels atop 50 locations.
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