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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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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American Apparel Lives to Fight Another Day

Several sources today say that American Apparel has filed for Chapter 11 bankruptcy. This does not affect screen print shops, don’t get your (skimpy American Apparel) panties in a bunch over it. Without giving it much thought I can think of at least five large companies in our industry that have been through Chapter 11. This move by American Apparel for the most part turns creditor’s
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