# Gildan Activewear to buy American Apparel brand for $88M

Gildan Activewear Inc. will pay US$88 million to buy the American Apparel brand, including intellectual property rights and certain manufacturing equipment, as part of bankruptcy court proceedings.

- Type: Acquisition
- Announced: 2017-01-10
- Value: $88.0M
- Status: announced
- Products: T-shirts, underwear, socks, clothing
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Gildan Activewear Inc.](https://endata.com/companies/21351.md) (acquirer)
- [American Apparel](https://endata.com/companies/21352.md) (target)

## Sources

- [globalnews.ca](https://globalnews.ca/news/3171185/montreal-based-gildan-activewear-to-buy-american-apparel-brand/), 2017-01-10: "We are excited to be moving forward with this acquisition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.