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Gildan gets American Apparel

collected by :Rechard Bernard

follow the latest news of” market news” from different sites to most famous technicals /Angelo Young by 2017-01-16 at 8:50

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American Apparel moves to Canada — where will its hoodies be made now?

American Apparel moves to Canada — where will its hoodies be made now?*/

– Just a decade ago, American Apparel was a darling of the apparel industry, rising from its roots as a small Montreal T-shirt importer to a Los Angeles-based “Made in the U.S.A.” clothing manufacturer and retail powerhouse.Thanks in part to its racy and controversial “Lolita” ad aesthetic, twenty-something hipsters of the early Naughties flocked to the company’s logo-free hoodies, sheer bodysuits and retro underwear.But thanks to the Great Recession, financial mismanagement and inability to adapt fast enough to changing fashion trends — not to mention fallout from founder Dov Charney’s alleged sexual impropriety with female employees — American Apparel hasn’t turned a profit since 2009.
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American Apparel bankruptcy deal leaves retail future in doubt

American Apparel bankruptcy deal leaves retail future in doubt*/

– American Apparel, once a high-flying retailer that peaked at more than $600 million in sales, is probably headed toward liquidation after a bankruptcy auction ended with Canadian T-shirt and underwear maker Gildan Activewear buying intellectual property and other assets for $88 million.This transaction doesn’t include American Apparel’s stores, and the fate of its garment workers in Los Angeles remains in doubt.The company had 4,700 employees and 110 stores as of November, when it filed for bankruptcy for the second time in 13 months.
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Gildan gets American Apparel

Gildan gets American Apparel*/

– Canadian apparel maker Gildan Activewear won a bankruptcy auction to buy American Apparel for about $88 million in cash, sources told Reuters.Gildan will not take any of American Apparel’s 110 stores-leaving their fate unknown, but will get rights to its brand, and some of its manufacturing equipment.The company will also take over some of American Apparel’s manufacturing plants in southern California, one of the largest garment-making operations in the United States, with about 3,500 employees.
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American Apparel Is Closing Its Doors & Twitter Has Mixed Reactions

American Apparel Is Closing Its Doors & Twitter Has Mixed Reactions*/

– Bodysuit lovers and minimalist dressers, take note: American Apparel is closing, shutting down its American-made factories and 110 stores.The news threw Twitter into a mixed bag of conversation, including shouts of disappointment, sale alerts, and concern for workers for whom this news might mean unemployment.The close might not come as a shock to some, as the brand has been surrounded with a number of controversies over the years — from their objectifying ads that glorify the male gaze to allegations of sexual assault within the company.
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New restaurant in Palm Bay, breastfeeding with the Pope and American Apparel turns Canadian?

New restaurant in Palm Bay, breastfeeding with the Pope and American Apparel turns Canadian?*/

– A new sandwich shop just opened up in Palm Bay.(Photo: Getty Images, Over the Top Sammies and Microsoft Paint skillz)Did someone say breakfast?!Palm Bay has a new restaurant in town and from what I hear, the owners know what’s up when it comes to piled-high sandwiches.
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