American Apparel Bankruptcy Sale to Gildan is Approved

WWD and other sources are reporting that yesterday January 12, 2017 the bankruptcy judge in the American Apparel case approved the sale of most of the assets (including the Brand) to Gildan. The entire sale to Gildan was 103 million dollars of which $15 million was for the purchase of inventory. Gildan was the highest bidder at the auction held earlier this week, their original
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Gildan is High Bidder for American Apparel

Reuters News Agency is reporting that Gildan has made the high bid for American Apparel’s assets at $88 Million. This is unofficial as as the proceeding are supposed to be confidential and also any bid is subject to final approval by a bankruptcy judge on Thursday of this week. If true then they apparently outbid Next Level Apparel, Amazon, and possibly other last minute bidders. They also
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What the Hell is PPAI and Should I Attend? Should I Exhibit?

What the hell is PPAI? PPAI is a shorthand way of people saying the Promotional Products Association International Expo. The PPAI Expo is always in early January in Las Vegas and the exhibit hall opens tomorrow January 10th and runs through Thursday January 12th. It is acres and acres of plastic crap. It is crazy stuff like baseball bats, BBQ grills, mousepads, pencils made from
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Misprint Monday: Perfect Prints, Wrong G*&$#&%* Quantities

We printed some very cool shirts for premiums for WMBR which is a community radio station (that I happen to have two shows on for the past three years.) It is a great station which is all volunteer, and I have done the premiums for them for about 25 years. Things are almost always done right because in this case it isn’t about money, it is
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Gildan to Buy American Apparel?

Time to clarify some things about the bankruptcy of American Apparel and the potential purchase by Gildan. Reports in many media outlets that Gildan has bought American Apparel are false, or at least not entirely accurate. They have bid on certain assets but you would not say that it is a done deal. 2. American Apparel retail stores will close. This apparently is true, as Gildan has
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R.I.P. Rick Medlin of Fruit of the Loom

Rick Medlin the President and CEO of Fruit of the Loom passed away of natural causes yesterday November 27th, 2016 “The entire Fruit of the Loom, Inc. team worldwide, with nearly 30,000 employees, is incredibly saddened by the loss of their sincere and principled leader. “Rick was a special leader and a special person. He was extremely proud of the progress and success we have
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Misprint Monday: There is No Joy in Mudville…

The photo of pallets loaded with boxes is of World Series championship shirts headed to retailers. No such luck for the Indians this year. Future Hall of Fame lock GM Theo Epstein’s Cubbies triumphed over the overachieving Terry Francona led Indians. It took not just 7 full games but an extra inning of high drama as well but in the end they were vanquished. One
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Whoever Reads This…Fun with Ink, Beer, Trump and Shirts

Donald Trump famously said he wants to build a big wall between Mexico and the USA and that they don’t know it but the Mexicans will pay for it. A Mexican brewery decided to turn the tables on Trump and has been selling shirts that look like shirts that support Trump, but when exposed to heat change messages. With heat the ink is exposed that
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Farm Aid 2016 Lesson #2: Where to Buy Your Concert Merch?

In retail we hear about the fact that on-line selling is replacing brick & mortar stores. Now that dynamic is even hitting rock concerts only lon-line sales are replacing canvas & folding table merch operations. Ten percent of the sales at the 2016 Farm Aid concert were done on-line. Wait in lines of up to 30 people and then carry your merch around all day VS
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