Securities and Exchange Commission and the United States attorney's office for the Southern District of New York. The resignation led to investigation by U.S. In 2010, American Apparel's auditors, Deloitte & Touche, resigned after informing the company that its financial statements for 2009 may not be reliable. The company promotes labor policies that exclude use of clothing manufactured in sweatshops. It is also one of the few clothing companies exporting " Made in the USA" goods and in 2007 sold about $125 million of domestically manufactured clothing outside of America. In late 2006, American Apparel went through a reverse merger and became listed on the American Stock Exchange.
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The company was ranked 308th in Inc.'s 2005 list of the 500 fastest growing companies in the United States, with a 440% three-year growth and revenues in 2005 of over US$211 million. After its experience as a wholesale brand, the company moved into the retail market. In 2000 American Apparel moved into its current factory in downtown Los Angeles where it continued to grow primarily as a wholesale business, selling blank T-shirts to screenprinters, uniform companies and fashion brands. Charney began to sub-contract sewing with Sam Lim who, at the time, had a shop with 50 workers under the Interstate 10 freeway in east LA. In 1997, after a variety of iterations, including a period of manufacturing in South Carolina, the company moved to Los Angeles. Īmerican Apparel store in SoHo, New York CityĪmerican Apparel was founded in 1989 by Canadian Dov Charney. Most of its apparel is sourced from factories in Central America, primarily Honduras and Nicaragua.
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Īs of mid-2017, American Apparel runs as an online-only retailer and markets itself as "Ethically Made-Sweatshop Free," with the majority of its products being made internationally. During the same month, Gildan Activewear purchased American Apparel's intellectual property and other assets for $88 million in a bankruptcy auction after the company filed for bankruptcy a second time in November 2016. In January 2017, American Apparel laid off 2,400 Southern California workers and started the process of shutting down company factories and closing its 110 stores. Founded by Canadian businessman Dov Charney in 1989, it was a vertically integrated company that ranked as one of the largest apparel manufacturers and marketers in North America. is an online-only retailer and former brick-and-mortar stores operator based in Los Angeles, California.