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American Apparel-Owned Oak May Not Shutter After All

2015-11-14 06:23:07| Apparel - Topix.net

In light of its parent company's financial troubles, Oak's founders are hoping to buy back their brand and keep its brick-and-mortar and online doors open, reports WWD . The industry trade pub adds that founders Jeff M. Madalena and Louis Terline are offering $600,000 for Oak's remaining inventory, and that the price is higher than what American Apparel would earn in liquidation sales.

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