MONTREAL — Gildan Activewear Inc. said Thursday it is acquiring competitor Anvil Holdings Inc. for $88 million.
Anvil is the parent company of Anvil Knitwear, a cotton apparel manufacturer based in New York. For its fiscal year ended Jan. 28, Anvil generated earnings before interest, taxes, depreciation and amortization of about $17 million on sales of more than $200 million, according to Gildan.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)