By Kyle O'Brien

American Apparel is in trouble again. The embattled company has begun to lay off staff, according to a story by Reuters, and will soon let go roughly 2,400 workers in Southern California, where it is based.

The news comes as Canadian apparel maker Gildan Activewear Inc withdrew its plan to acquire some of American Apparel’s manufacturing operations. Gildan had bought the rights to American Apparel’s brand and some of its equipment for $88m at a bankruptcy auction previously, but it decided that it would not resume operations at its stores or US factories. Though it may decide Read full story ›

Source: The Drum