
Canadian apparel maker Gildan Activewear Inc. announced on Wednesday the closing of its purchase of the American Apparel brand and certain assets.
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Canadian apparel maker Gildan Activewear Inc. announced on Wednesday the closing of its purchase of the American Apparel brand and certain assets.
The brand development company entered a partnership with licensing agency Movantia to serve as a non-exclusive lead agency for ABG in Europe, the Middle East and India.
The teen retailer will reopen 500 stores in the US after getting acquired by a consortium comprised of Simon Property Group, General Growth Properties and Authentic Brands Group.
Canadian apparel maker Gildan Activewear Inc has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said.
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, according to a source.
Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, people familiar with the talks said on Wednesday.
American Apparel filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder.
American Apparel has resumed talks with at least two potential bidders for U.S. teen clothing retailer, after bankruptcy sale negotiations with brand licensor Authentic Brands Group stalled earlier this week.
Americal Apparel has called in administrators for its UK business with KPMG set to oversee the wind down of the British retail and wholesale operations after the Christmas trading period.
Anonymous sources at American Apparel said that the Los Angeles-based retailer will file for bankruptcy in the coming weeks. The company filed its first Chapter 11 in 2015.