American Apparel starts laying off 2,400 U.S. workers after Gildan Activewear bankruptcy deal — Financial Post – Top Stories

American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer’s manufacturing operations. Gildan won the rights to American Apparel’s brand with an US$88 million bid in a bankruptcy auction last week. It…

via American Apparel starts laying off 2,400 U.S. workers after Gildan Activewear bankruptcy deal — Financial Post – Top Stories

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