Retail News

In American Apparel’s deal with Gildan, stores will be a casualty

Santa Rosa Press Democrat 01/16/2017

At the point when American Apparel applied for bankruptcy in November, the manufacturer/retailer had 4,700 employees and 110 stores. While Gildan Activewear has agreed to buy the company’s intellectual property and other assets for $88 million, AA’s stores were not included in the deal, nor does Gildan have an obligation to keep on the garment workers. “We’ve never been in a position to be able to assume operations,” Garry Bell, a Gildan spokesman said in an interview. “We’re not buying an ongoing concern.”

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

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