Los Angeles-based fashion brand American Apparel has closed all but one of its 13 UK stores. The move resulted in a loss of 150 jobs. The brand, known for hot pants and slinky leggings, put its UK business into administration last month just before the troubled parent company struck a deal with Canadian T-shirt maker Gildan Active wear that will take over all the closed stores.
It is heard that Gildan bought the worldwide rights of the American Apparel brand for $66m (£54m). American Apparel has also filed for bankruptcy and the retailer has begun winding up its businesses in Spain, Japan and Australia as part of the deal with Gildan, which is expected to be finalised early next year. The only Irish store closed a few weeks ago.
