U.S.-based Ameriprise Bankrupt Again
to withdraw from business in Japan as well
A general view of the American Apparel store in the fashion district of Shibuya on November 16, 2016, Tokyo, Japan. American Apparel LLC filed for bankruptcy again this month. The fashion brand has received an offer of $66 million from Canada's Gildan Activewear Inc. for its' intellectual property, inventory, manufacturing and distribution assets, but not for its' retail stores. It has 83 stores outside of the US including in the UK, Spain, Canada, Australia and Japan and it is unclear what will happen to these. The US brand remains in operation until the sale can be concluded. (Photo by Rodrigo Reyes Marin/AFLO)