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…
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…
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…
Gildan just announced purchase of socks company Peds for $55 million (American not Canadian dollars…) This comes on the heels of their acquisitions in the past few years of Anvil, Comfort Colors, New Buffalo Shirt Company, and most recently Alstyle Apparel. Peds was in the news recently for “reshoring” some of their knitting. They brought…
At ISS Long Beach in January Tom and I did some seminars in the SanMar classroom on printing on Garment Dyed shirts. A few of our words of advice: use good platen adhesive to promote good registration, and re-apply more often than usual. At my shop we mostly use Albatross Brush Tac and then some Albatross spray when…
Holy Cow, Vermont company Comfort Color is now part of the Gildan empire. Entrepreneur and genuine character Barry Chouinard (owner of Comfort Colors) should be able to buy a little more apple cider this week after selling his company for $100 million to industry giant Gildan. Reported as well was that Gildan lost over $40…
