Headlines

American Apparel Up for Auction

Notifies 3500 employees of potential layoffs due to bankruptcy

Published

7 years ago

December 7, 2016

American Apparel (Los Angeles) has notified nearly 3500 of its employees that they may lose their jobs as the company pursues bankruptcy.

According to The Wall Street Journal, corporate employees at the company’s headquarters could lose their jobs by January. The layoffs are not certain, though, and the move to alert employees was “a legal precaution.”

The company will go to auction on Jan. 9, and currently has received a $66 million bid for its brand name from Gildan Activewear Inc. (Montreal). As of yet, it does not have any bids for its 110 brick-and-mortar stores.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design