U S apparel AA bankruptcy auction will be able to take the Amazon

Posted On Feb 27 2017 by

January 4th –

Reuters news sources said on Wednesday, the online retailer Amason (Amazon.com) (AMZN.O) and youth clothing chain Forever 21 companies are considering to bid for the bankrupt American Apparel AA (American Apparel).

AA american apparel to "made in the United States" as the brand concept. The company’s bankruptcy auction will determine the future of a large garment factory in California. Labor costs in California are among the highest in the United states.

since the election, leaving jobs in the United States to become politically sensitive issues. Ford (F.N) on Tuesday canceled plans to build a new plant in Mexico, while adding 700 jobs in michigan. The company’s original plan was criticized by U.S. President elect Trump.

sources said, Amazon and Forever 21, and in California’s Next Apparel and Level clothing brand Authentic Brands Group are authorized to negotiate with AA American Apparel, on Friday before the deadline to submit an offer.

AA filed for bankruptcy in November when American Apparel clothing maker Gildan Activewear received Canada (GIL.TO) $66 million horse bid, the other bid higher than this price must be to be successful.

Gildan’s bid to maintain AA including American apparel factories in southern California more options, these factories employ approximately 3500 employees, AA has become one of the biggest American Apparel clothing manufacturers.

but the source said that if the Gildan bid to beat other competitors, the company plans to retain only part of the factory in California. Gildan many production facilities are located in low cost countries.

sources said the bid results in the coming week. Because of the confidentiality of the matter, these people requested anonymity.

AA American Apparel does not respond. Amazon, Forever 21, Next Level Apparel and Authentic Brands did not respond to requests for comment.

Gildan, a spokesman for the company said Wednesday via email, through due diligence (due diligence) to collect all the necessary information in order to occupy the favorable position in the bid.

Amazon AA American Apparel bid, means that the business enterprise to fashion and apparel brands an important step. Amazon launched its own brand last year.

by the Korean American Do Won Chang founder of the Forever 21, with low retail prices, said the same benefit from low labor costs overseas. AA United States

Last Updated on: February 27th, 2017 at 12:22 am, by

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