16-01-2017 18:57 via news.yahoo.com

American Apparel starts layoffs: sources

American Apparel LLC started to lay off staff on Monday, after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said. Gildan won the rights to American Apparel's brand with a $88-million bid in a bankruptcy auction last week. It had previously indicated it would assume some of its manufacturing operations, which had made the brand synonymous to "Made in the U.S.A." Many of the 2,
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