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Retailers Closing Trend

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American Apparel Bought out By Montreal Gildan Activewear Congrats!
A new start for a Canadian Company , Congrats! As one company fails another celebrates.

Is Fashion more expensive than the clothiers?

In this case yes. It looks like Fashion proves to be more expensive when a clothing maker company buys one out. Once again like so many other Big Giant Retailers, like Target Canada, American Apparel closed its doors at the beginning of  the year.

Retailers American Apparel will be closing its doors as it was bought out by Montreal Clothing Maker Canadian Brand Gildan Activewear (GIL).

On January 10, 2017 Cbc news said that the $88 million dollar auction buy of American Apparel will not include the retail assets. So it is not clear what exactly Gildan Activewear will be buying. The reuters did however report that:

Gildan said …