Gildan Activewear acquires American Apparel via auction
Canadian apparel retailer Gildan Activewear has acquired American Apparel through a court supervised auction. Gildan entered into an asset purchase agreement with American Apparel that served as the initial bid in a bankruptcy court supervised auction on November 14, and the same day, American Apparel filed for Chapter 11 bankruptcy protection.
Gildan’s final cash bid of around $88 million includes the acquisition of the worldwide intellectual property rights related to the American Apparel brand and certain manufacturing facilities.
The Canadian garment retailer will also separately purchase American Apparel inventory, to ensure a seamless supply of goods as it integrates the brand within its Printwear business.
“We are excited to be moving forward with this acquisition, as the American Apparel brand will be a strong complementary addition to our growing brand portfolio,” CEO of Gildan Glenn Chamandy said. “We see strong potential to grow American Apparel sales by leveraging our extensive printwear distribution networks to drive further market share penetration.” (AR)
加拿大服装制造商Gildan通过竞拍收购美国服装公司
加拿大服装制造商Gildan运动服公司宣布,公司赢得破产竞拍将以8800万美元现金收购美国服装零售商American Apparel。
Gildan公司表示,该交易将于周四由破产法庭批准。
根据协议,该公司将收购American Appareal品牌相关的知识产权和部分制造设备。然而,该公司并不会收购American Appareal的110家零售店铺。
American Apparel成立于1989年,公司总部位于洛杉矶,主要经营休闲服饰系列、T恤、配饰、皮包等方面。在全世界曾经拥有接近300家实体店,雇佣超过1万名员工。公司在2008年前曾经是“美国制造”服装的代表品牌之一。
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