Gildan Completes Acquisition of American Apparel
Gildan Activewear Inc. announced that it has completed the acquisition of the American Apparel brand and certain assets from American Apparel, LLC, (American Apparel). On January 10, 2017, Gildan emerged as the winner in the court supervised auction to acquire the American Apparel® brand and certain assets, subject to approval by the bankruptcy court and other customary closing conditions.
Halo Acquires Michael C. Fina Recognition
HALO Branded Solutions announced the acquisition of Michael C. Fina Recognition, a third-generation leader in the recognition and incentives industry based in New York.
Marc Simon, HALO CEO, noted, "Michael C. Fina Recognition is one of the most reputable recognition companies globally, maintaining an experienced and success-driven management team. We plan to build the Michael C. Fina Recognition business through synergy - offering technology-driven employee recognition and incentive solutions to HALO clients through our account executives, and providing Michael C. Fina Recognition clients with competitive and creative promotional solutions."
HALO will maintain Michael C. Fina Recognition's New York office, administrative center and management team, including members of the Fina family. Simon concluded, "We are thrilled to partner with Michael C. Fina Recognition and utilize their expertise to help our clients offer their employees memorable experiences for their workplace achievements and milestones. We are confident we can grow both the employee incentive and recognition business and the promotional business by leveraging long-standing relationships with many of the top global brands."