American Apparel Back in Business, Sort of…

Gildan purchased American Apparel and for a time during integration you could not buy wholesale. They are now back in the wholesale business, most customers can order again and distributors will get product again. I know some employees are back in action, but not sure how many. For the time being 10 key styles including the classic 2001 will be available as Made in the
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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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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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Misprint Monday: End of an Era, American Apparel To Be Sold (sort of)

American Apparel filed for Chapter 11 Bankruptcy protection yesterday and at the same time Gildan has put in a bid for the brand name. To be exact Gildan says, “an asset purchase agreement (APA) to acquire the worldwide intellectual property rights related to the American Apparel® brand and certain assets from American Apparel, LLC, (American Apparel), a U.S.-based manufacturer of fashion basics, for a cash
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Chelsea Grayson Named New CEO of American Apparel

Paula Schneider resigned as CEO of American Apparel. She served that post only since early 2015. Lawyer Chelsea Grayson has been named by the Board at new CEO. Ms. Grayson had been serving as the American Apparel General Counsel and Chief Administrative Officer. We received a copy of the letter distributed to employees. The one page letter states somewhat cryptically that the reason for Ms. Schneider’s departure was,
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Make America Confused Again!

Make American Great Again? Make America Gay Again? Make America the jumbled up bunch of confused people we have always been I would say. Trump have been using American Apparel merchandise for some of their campaign stuff. Really? I guess Trump forces are trying to avoid the Dubya issues with merch (the Bush folks were selling campaign garments that were made in Burma which were outlawed by
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Happy Earth Day

Happy Earth Day! April 22nd has been the annual day since some folks started it in 1970. After witnessing the terrible Santa Barbara oil spill Senator Gaylord Nelson announced the idea for a “national teach-in on the environment” to the national media. He persuaded Pete McCloskey, a conservation-minded Republican Congressman, to serve as his co-chair; and recruited Denis Hayes from Harvard as national coordinator. Hayes built a
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Believing What You Read (or not…)

Two quick points on this cover of this issue of ECOTEXTILE: 1. ECOTEXTILE is an excellent source for information on the sustainability end of the business. You can get headlines via email for free or subscribe for the full articles.  2. There lead article this month make a great point regarding sustainability, both environmental and labor claims should be verified. In Eco terms, folks often call it
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That Was Quick: American Apparel Emerges from Chapter 11

The CEO of American Apparel Paula Schneider says, “This is the start of a new day at American Apparel.” This is in regards to them (as expected) exiting Chapter 11 Bankruptcy at the end of last week. So ends any value to stock that was held and they are now a privately held company, American Apparel LLC. You can read the American Apparel press release
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