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DEALS | Wed Jan 4, 2017 | 4:43pm EST Exclusive: Amazon, Forever 21 vying for bankrupt American Apparel - sources Reuters sources interest out of Amazon (NASDAQ:AMZN), Forever 21 and others ahead of a deadline to submit offers for the bankrupt Los Angeles-based company set for this Friday. http://seekingalpha.com/news/3233531-reuters-amazon-among-possible-american-apparel-bidders By Jessica DiNapoli and Lauren Hirsch REUTERS The bankruptcy auction of Los Angeles-based American Apparel, which made its branding theme "Made in the U.S.A", will determine the future of a major clothing manufacturing plant in California, one of the most expensive U.S. states in terms of labor costs.
Keeping jobs in the United States has become a hot button political issue since the presidential election. Ford Motor Co on Tuesday reversed plans for a $1.6 billion factory in Mexico and said it would add 700 jobs in Michigan after receiving criticism from President-elect Donald Trump.
Amazon and Forever 21, as well as California-based apparel maker Next Level Apparel and brand licensor Authentic Brands Group LLC, are in talks with American Apparel and its financial advisers about submitting offers ahead of a deadline on Friday, the people said http://www.reuters.com/article/us-americanapparel-m-a-idUSKBN14O281
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DEALS | Wed Jan 4, 2017 | 4:43pm EST
Exclusive: Amazon, Forever 21 vying for bankrupt American Apparel - sources
Reuters sources interest out of Amazon (NASDAQ:AMZN), Forever 21 and others ahead of a deadline to submit offers for the bankrupt Los Angeles-based company set for this Friday.
http://seekingalpha.com/news/3233531-reuters-amazon-among-possible-american-apparel-bidders
By Jessica DiNapoli and Lauren Hirsch REUTERS
The bankruptcy auction of Los Angeles-based American Apparel, which made its branding theme "Made in the U.S.A", will determine the future of a major clothing manufacturing plant in California, one of the most expensive U.S. states in terms of labor costs.
Keeping jobs in the United States has become a hot button political issue since the presidential election. Ford Motor Co on Tuesday reversed plans for a $1.6 billion factory in Mexico and said it would add 700 jobs in Michigan after receiving criticism from President-elect Donald Trump.
Amazon and Forever 21, as well as California-based apparel maker Next Level Apparel and brand licensor Authentic Brands Group LLC, are in talks with American Apparel and its financial advisers about submitting offers ahead of a deadline on Friday, the people said
http://www.reuters.com/article/us-americanapparel-m-a-idUSKBN14O281