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OAK Founders Buy Back Their Business From American Apparel in Midst of Bankruptcy

2016-01-29 12:20:58| Apparel - Topix.net

The founders of OAK , a fashion label and chain of boutiques in Brooklyn, have bought back the business from American Apparel after the latter declared bankruptcy, as Bloomberg reports. Founded by Louis Terline and Jeff Madalena in 2005, OAK was bought by American Apparel in early 2013 after the duo met Dov Charney at a party in Las Vegas and struck up a relationship.

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