The Canadian apparel maker, Gildan Activewear (also known as the company behind Kanye West’s merchandise) has won a bankruptcy auction for American Apparel. The latter has had a tumultuous few years with a prior bankruptcy, sex scandals and poor treatment of workers. Gildan's initial bid of $66 million was raised to $88 million thereby winning the auction. The full…
Read more
American Apparel to be Acquired by Gildan
