American Apparel to Receive $25 Million in Support, Charney Given Role as Strategic Consultant
July 2014 -American Apparel has announced it has reached a Nomination, Standstill and Support Agreement with Standard General L.P. and company founder Dov Charney, the beneficial owners of nearly 44 percent of the company’s outstanding stock.
Under the agreement, Standard General will provide up to $25 million in immediate financial support to the American Apparel, the company’s board will be reconstituted, and an independent board committee will be formed to oversee the continuing investigation into alleged misconduct by Charney. (more…)
American Apparel, Bella+Canvas and Fruit of the Loom Now Available at Ash City/alphabroder Canada
July 2014 – Ash City, now part of the alphabroder family, is pleased to announce the availability of American Apparel®, Bella+Canvas® and Fruit of the Loom® in Canada. This makes Ash City/alphabroder Canada the only national distributor to carry American Apparel® in the Canadian corporate and imprintables market.
alphabroder’s recent USA partnership with retail powerhouse, American Apparel®, has now extended across North America, with over 40 styles now available at Ash City/alphabroder Canada from the brand widely recognized for its domestically-made, fashion-forward styles, and commitment to corporate responsibility. (more…)
Technosport Canada is Moving
July 2014 - In accordance with Technosport Canada’s philosophy to continue to best serve its customers with products, inventory and service, the company has announced that it will be moving its Toronto office and distribution centre.
Technosport’s new larger and better location offers expanded space and resources, increased convenience and wider service possibilities to its valued customers.
Effective Monday July 21, 2014, Technosport Canada’s new address is:
600 Zenway Blvd, Unit #4
Woodbridge, Ontario, L4H 3M9
Tel: (905) 856-6980; Fax: (905) 856-7425; TF Fax: 1-800-463-5222
Magnus 3rd Annual Extreme BBQ was a Hit
On June 25th, more than 250 distributors & suppliers participated in the Magnus & Friends 3rd Annual Extreme BBQ.
“We were overwhelmed, after the event, with numerous congratulatory e-mails, phone calls, and even received a posted thank you card supporting the BBQ and Industry Showcase,” said Cheryl Daurie, VP of Sales & Marketing for Magnus Pens. ”With the generosity of everyone in attendance, the 50/50 draw and bake sale, $825.00 was raised for charity. In addition, with the funds that were allocated for the ice cream truck that did not show, Neil MacDonald & Cheryl Daurie contributed the difference to a grand total of $1650.00. The funds were donated to the Canadian Diabetes Association, Camp for Kids.”
Congratulations to Marilyn MacLeod of MacLeod’s Printing, the $500.00 CA$H Grand Prize winner of the “Passport to Richness”.
“Last but not least, a special THANK YOU to all of the distributors, suppliers and the Magnus team who helped and supported this event and once again making the 3rd Annual BBQ & Showcase an unforgettable Blowout Success,” added Daurie.