[1/14/17] American Apparel will be closing all 110 of its retail stores, as well as its Los Angeles headquarters.
The popular retailer, known for colorful cotton basics and its “Made
in America – Sweatshop Free” logo, was acquired by Gildan Activewear on
Jan. 10 for $88 million. At its peak in 2007, the bankrupt retailer was
valued at $1 billion.
Gildan, a Canadian t-shirt and underwear maker, will reportedly close
all American Apparel stores by the end of April. As many as 3,400
employees could lose their jobs in the process.
