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Gildan wins $88 million American Apparel bankruptcy bid

Canadian wholesale apparel company Gildan has won an $88 million bankruptcy bid to acquire struggling American-made retailer American Apparel. Under the terms of the acquisition Gildan will acquire some of AA’s manufacturing facilities, including it’s biggest facility in southern California, but will not acquire any of its remaining 110 stores, Reuters reports. For those brick-and-mortar …

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