WWD and other sources are reporting that yesterday January 12, 2017 the bankruptcy judge in the American Apparel case approved the sale of most of the assets (including the Brand) to Gildan. The entire sale to Gildan was 103 million dollars of which $15 million was for the purchase of inventory. Gildan was the highest…
Hirsch is now distributing Brother DTG machines, coast to coast. They already sell Kornit DTG machines, so they become the go-to place for high end fast pace DTG printing. There is no press release yet and the details will be coming in the coming weeks including if you stop by the HIrsch booth at Long…
Time to clarify some things about the bankruptcy of American Apparel and the potential purchase by Gildan. Reports in many media outlets that Gildan has bought American Apparel are false, or at least not entirely accurate. They have bid on certain assets but you would not say that it is a done deal. 2. American Apparel retail…
Rick Medlin the President and CEO of Fruit of the Loom passed away of natural causes yesterday November 27th, 2016 “The entire Fruit of the Loom, Inc. team worldwide, with nearly 30,000 employees, is incredibly saddened by the loss of their sincere and principled leader. “Rick was a special leader and a special person. He…
