Clothing store American Apparel is set to close it's doors in the next few months according to reports.
A Canadian wholesale company called Gildan Activewear bought the company at auction for $88 million. They acquired the brand's intellectual property and some of its manufacturing equipment.
Gildan has now decided not to take over the American brands' stores or U.S. factories and will instead close all stores across the US. There are currently 110 stores and they are all set to close by April 2017.
This will also affect the manufacturers of the clothing namely the largest sewing factory in North America. This factory employs 3,500 workers in Southern California, which means that they will lose their jobs along with thousands of other people.
Many of the company's European stores close in the last few months including across the UK and in Ireland.
Irish shoppers warned that food prices could rise again later this year
Teresa Mannion recently announced her retirement from RTÉ Teresa Mannion has revealed the reasons why she has retired from RTE after 40 years of service. The journalist confirmed earlier this week that her career with the national broadcaster will come to an end this summer. Teresa, well known for her viral “don’t make unnecessary journeys” weather report […]
Irish shoppers have been warned that food prices could increase again in the next few months. Irish shoppers have been warned that food prices may be on the rise again towards the end of the year. The warning comes from the Economic and Social Research Institute (ESRI), which says that high energy costs linked to […]
This heatwave is the most severe ever recorded, according to new research. Temperatures have been soaring across Ireland and Europe this week. Many in the country have been enjoying this spell of warm weather; however, recent studies have confirmed that this week’s European heatwave is one of the most severe ever recorded in the region. […]
