Gildan Activewear Wins Bid for American Apparel


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.

Share

More News

Walmart Acquires Online Outdoor Retailer Moosejaw
February 17, 2017
Bentonville, Ark.-based Wal-Mart Stores Inc. announced that it has acquired online outdoor retailer Moosejaw, which will now join Walmart’s new U.S. e-commerce retail organization.
Full Story

MC Sports to Liquidate Stores
February 17, 2017
Grand Rapids, Mich.-based MC Sports is closing all of its 66 stores across the Midwest.
Full Story

Current Meditation Studio Opens in Phoenix
February 17, 2017
Columbus, Ohio-based retail and brand consulting firm FITCH announced the unveiling of its newest project, Current Meditation in Phoenix, the first meditation studio for the modern world.
Full Story