American Apparel begins mass layoffs
January 18, 2017
American Apparel, which was recently acquired by Gildan Activwear as part of a bankruptcy court auction, has laid off 2,400 employees. Gildan is retaining American Apparel’s intellectual property rights as part of the deal along with some of the company’s inventory and manufacturing equipment.
Recent News
Popeyes Adds Menu Hack Double Stack Sandwich in the UK
Popeyes, the Louisiana chicken chain, continues to expand its menu offerings in the UK. Known for its Cajun breakfast and spicy Buffalo chicken options, the fast-food brand has now introduced a new item: the Double Stack Sandwich.
JCPenney Announces a New Rewards and Credit Program
This new program could potentially return half a billion dollars to America’s families.
Starbucks Improves Its Iconic Cold Cup
The company aims to further its commitment to be a resource-positive business.
Netflix Makes Major Changes to Its Plans
Streaming company Netflix is changing up its approach. The company, known for its subscription model without ads, is now diving into live sports, video games, and ad-supported content.