American Apparel
People were so incredibly hooked by American Apparel thanks to its “Made in the USA – Sweatshop-free” promise. This was an incredible way to convince consumers with a conscience to follow the Los Angeles group. This business was flourishing prior to 2015 when it began fighting for productivity. Two years later, Gildan Activewear, a Canadian company, rescued American Apparel from certain doom by seizing its means for production for $88 million. This emergency sale certainly saved American Apparel from dissolving catastrophically. Well, at least the company is still technically American.
American Apparel
7-Eleven
Most leading businesses commenced by one or two people with a serious vision for the future. 7-Eleven was no different. Jefferson Green began looking at how he could improve on his employer’s products available, all the way back in 1927. He began selling milk, bread, and eggs. The Dallas company enjoyed much growth thanks to his ingenuity, changing its name to 7-Eleven based on its opening times. Many years later, America finds much cultural and financial significance in the convenience store chain. The 1987 economic crash may have set it back, but a Japanese business named Ito-Yokado came to the rescue. Following this acquisition, 7-Eleven has remained as a Seven & I Holdings subsidiary.
7 Eleven
