Special Reports + Analysis

Gildan to Acquire American Apparel

Published

8 years ago

November 14, 2016

Screen Printing Screen Printing November 2016 Issue

Gildan Activewear has reached an asset purchase agreement with American Apparel. The $66-million deal, which is expected to close during the first quarter of 2017, comprises American Apparel’s intellectual property rights as well as certain assets. Gildan says it will also separately purchase inventory to streamline the transition.

A release from Gildan also reports that American Apparel has voluntarily filed for Chapter 11 bankruptcy protection. If the bankruptcy court requires the company to hold an auction for its assets, the proposed acquisition will represent the initial bid.

click to Comment(Comment)

Up Next

Expert Apparel: Integrating Your Production Systems

Don't Miss

Hirsch Doubles Showroom Space

Let’s Talk About It

Creating a More Diverse and Inclusive Screen Printing Industry

LET’S TALK About It: Part 3 discusses how four screen printers have employed people with disabilities, why you should consider doing the same, the resources that are available, and more. Watch the live webinar, held August 16, moderated by Adrienne Palmer, editor-in-chief, Screen Printing magazine, with panelists Ali Banholzer, Amber Massey, Ryan Moor, and Jed Seifert. The multi-part series is hosted exclusively by ROQ.US and U.N.I.T.E Together. Let’s Talk About It: Part 1 focused on Black, female screen printers and can be watched here; Part 2 focused on the LGBTQ+ community and can be watched here.