Gildan Activewear Acquires American Apparel Following Bankruptcy Filing

After months of speculation and lead-up, Los Angeles-based American Apparel announced this morning that it has filed for Chapter 11 bankruptcy for the second time in 13 months. The speculation that another company may use that opportunity to purchase it has also come true—Montreal-based Gildan Activewear has purchased the intellectual property rights for American Apparel and some of…

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HBO, Discovery Claim Merchandiser Owes Millions

After Delivery Agent Inc., a company that specialized in selling licensed merchandise for entertainment companies, filed for bankruptcy in September, some of those companies—like HBO, Discovery and CBS—have come out saying that Delivery Agent Inc. owes them money. Discovery’s deal with Delivery Agent Inc. included a 14 percent royalty on all sales at the Discovery…

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Raining Rose Inc. Acquires Solar Advertising Inc.

Raining Rose Inc., Cedar Rapids, Iowa, announced that it has acquired Fort Collins, Colorado-based Solar Advertising Inc. Raining Rose will incorporate Solar Advertising Inc.’s promotional lip balm products, including Natural LipFusion and Natural SugarBalm, into its existing product line. All employees also will join Raining Rose as part of the transition. “Raining Rose and Solar…

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New Water Bottle Includes NASA-grade Insulation

For those who want to be really, really sure they’re cold drinks stay cold and their hot drinks stay hot, Crio might have just invented the perfect water bottle. The Australian company just debuted a new water bottle design, which features a layer of cryogel, on Kickstarter. The Crio water bottle…

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Last Chance to Vote! PM Video Battle: Maple Ridge Farms Versus ITC.4

Promo Marketing’s Video Battle pits two industry videos against each other for the chance at the ultimate bragging right: Being declared our readership’s absolute favorite. (Next up: I’m getting excited to watch the U.S. vs. Mexico soccer game tonight.) Last week, Maple Ridge Farms won, and now will face off against ITC.4. The winner will be decided by…

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