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Consumer Discretionary Consumer Durables and Apparel

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • MONTREAL/ NEW YORK Jan 10- American Apparel LLC's made-in-the-U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash. American Apparel had insisted in the weeks leading up to its bankruptcy and auction that any deal would keep its manufacturing...

  • WASHINGTON, Jan 10- U.S. regulators on Tuesday upheld hefty tariffs on Samsung and LG brand residential washing machines manufactured in China, saying these products were sold below cost, harming American appliance makers including Whirlpool Corp.. The U.S. International Trade Commission voted unanimously to impose final duties on the products of up to 52.5...

  • MONTREAL/ NEW YORK Jan 10- American Apparel LLC's made-in-the U.S. heritage is uncertain, after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash. Gildan, which has yarn-spinning and distribution facilities in the United States and is the largest domestic consumer of...

  • Jan 10- Canadian apparel maker Gildan Activewear Inc said on Tuesday it had won a bankruptcy auction to buy U.S. fashion retailer American Apparel LLC for about $88 million in cash. Gildan's Toronto- listed and U.S.-listed shares rose more than 3 percent in morning trading, hitting their biggest intraday percentage gain in nearly 2 months.

  • Jan 10- Canadian apparel maker Gildan Activewear Inc said it had won a bankruptcy auction to buy U.S. fashion retailer American Apparel for about $88 million in cash. Reuters reported late on Monday that Gildan had won the auction, which also attracted other bidders such as California- based apparel maker Next Level. Guggenheim Securities, LLC is acting as...

  • *Berlin reviews powers to block foreign takeovers. *China also scrutinising outbound investment projects. BERLIN/ FRANKFURT, Jan 9- Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about haemorrhaging strategic technologies and will limit any...

  • NEW YORK, Jan 9- Canadian apparel maker Gildan Activewear Inc has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday. The auction for the retailer also attracted an offer from California- based apparel maker Next Level Apparel, a source said earlier on...

  • NEW YORK, Jan 9- Canadian apparel maker Gildan Activewear Inc has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday. The auction for the retailer, famous for its sexually-charged advertising, also attracted an offer from California- based apparel...

  • NEW YORK, Jan 6- California- based apparel maker Next Level Apparel has submitted an offer to challenge a $66 million bid from Canadian apparel maker Gildan Activewear Inc for bankrupt American Apparel LLC, a person familiar with the matter said Monday. It could not be determined whether any other bids submitted for American Apparel were qualified to challenge...

  • *Berlin reviews powers to block foreign takeovers. *China also scrutinizing outbound investment projects. BERLIN/ FRANKFURT, Jan 9- Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about hemorrhaging strategic technologies and will limit any...

  • A Lululemon Athletica store in Pasadena, California.

    Yoga and leisure apparel retailer Lululemon Athletica said on Monday it had narrowed its profit and revenue forecasts for the fourth quarter of 2016.

  • Jan 6- Amazon.com Inc's digital assistant appeared almost everywhere at the CES technology show this week in Las Vegas, even making an unexpected appearance on rival Google's Android system. Most strikingly, Chinese firm Huawei Technologies Co, which manufactures smartphones running on the Android operating system produced by Alphabet Inc's Google,...

  • LONDON, Jan 6- Brewer Anheuser Busch InBev and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home. Keurig is part of privately held JAB Holding, the investment vehicle of Austria's billionaire Reimann family. JAB Chief Executive Olivier Goudet is also the chairman of AB InBev, the...

  • 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. Amazon and Forever 21, as well as California- based apparel maker Next Level Apparel and brand licensor...

  • Founder Mike Lindell demonstrates MyPillow.

    On Tuesday, the Better Business Bureau slapped MyPillow with an "F" rating and revoked its accreditation.

  • Walt Disney Parks and Resorts recalls Minnie and Mickey Mouse infant hoodie sweatshirts.

    Walt Disney Parks and Resorts recalled about 15,000 Minnie and Mickey Mouse infant hoodie sweatshirts on Wednesday due to a choking hazard.

  • People browse jewelry at the 'Ivanka Trump Collection' shop at Trump Tower, December 8, 2016 in New York City.

    If Trump makes good on the promise of punishing overseas companies, he will take aim at his own brand, and his daughter’s as well. NYT reports.

  • FRANKFURT, Dec 27- Two Chinese companies and Singapore's sovereign wealth fund GIC have agreed to buy a 10 percent stake in a digital mapping company controlled by Germany's leading carmakers to help them develop self-driving cars. China is pushing the development of electric and autonomous cars and has made several high-profile investments in high tech...

  • *NavInfo, Tencent, GIC buying 10 pct stake in HERE. FRANKFURT, Dec 27- Chinese mapping firm NavInfo, internet group Tencent and Singapore's sovereign wealth fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe. Germany carmakers Audi, BMW and Daimler bought HERE from Nokia for 2.55 billion euros...