Retail News

American Apparel begins mass layoffs

USA Today 01/17/2017

American Apparel, which was recently acquired by Gildan Activwear as part of a bankruptcy court auction, has laid off 2,400 employees. Gildan is retaining American Apparel’s intellectual property rights as part of the deal along with some of the company’s inventory and manufacturing equipment.

 

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!