Fantastic Blognanza!

Apparently, American Apparel is going to get bought by the endeavor Acquisition Corporation. This could be good for their business, since a lot of people don’t buy from them because of Dov Charney’s antics. I just hope they keep to manufacturing blank imprintables so that those in the business of embellishment don’t have to keep with American Apparel! Here’s some info from the New York Times:

“December 18, 2006
American Apparel to Be Sold to Investment Firm

By ANDREW ROSS SORKIN and MICHAEL BARBARO
American Apparel … will be sold to a little-known investment firm for $382.5 million, according to people briefed on the matter.
…
American Apparel’s buyer, the Endeavor Acquisition Corporation, 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 the chain across the globe.
…
Mr. Charney, 37, will remain chief executive of American Apparel after the sale, according to people with direct knowledge of the deal, who discussed the transaction on condition of anonymity because they were not authorized to speak publicly.”
from http://www.nytimes.com/2006/12/18/business/18cnd-retail.html