Iconic Brands Born American But Now Owned by Foreigners

American Apparel

In 1989, Dov Charney launched American Apparel in Los Angeles. Charney was fired in 2014 amid sexual harassment claims. It went bankrupt in 2016 and closed every store. Canadian company Gildan purchased the retailer in 2017 for $88 million. Gildan converted American Apparel into an online company. It maintains one brick-and-mortar store in Los Angeles.