Sold! American Apparel Acquired. Second City Style Fashion Blog

December 19, 2006 • Shopping

American Apparel, the casual clothing chain I blame for trying to resurrect the stirrup pant trend, will be sold to a little-known
investment firm for $382.5 million.

The decision to sell the privately held company, expected to be
announced today, is a surprise move by the company’s eccentric founder,
Dov Charney, who is known for exercising strict, and at times
controversial, control over the retailer’s operations.

American Apparel’s buyer, the  Endeavor AcquisitionAmericanapparelstore_1925_1887939_1
is a small, publicly traded investment group created last year, with
less than $125 million in assets. American Apparel is the firm’s first
acquisition — and Endeavor is expected to expand the chain across the
globe. Full Story


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