American Apparel
American Apparel’s “Made in the USA – Sweatshop-free” motto, among other things, couldn’t help but attract attention from consumers. I thought it was a fantastic concept to encourage ethical buyers to support the LA brand. The company had been performing exceptionally well until 2015 when it began to struggle to regain its previous performance levels. The company was salvaged two years later by a Canadian company called Gildan Activewear, which purchased the rights to its name and manufacturing equipment for a total of $8 million. We have our doubts that American Apparel would still be in business today if this had not occurred. Even if you want to be literal about it, the brand’s headquarters are still in the United States of America.
American Apparel
7-Eleven
Every single outstanding firm in the world had its start with a single individual who had a vision. This was likewise true in the case of 7-Eleven. Jefferson Green was a regular Joe working at Southland Ice in 1927 when he decided to expand the company’s product line and expand its market reach. He began to provide additional items such as bread, eggs, and milk. It turned out to be a successful business concept. His Dallas-based company grew even more successful after renaming it 7-Eleven in honor of its operating hours. Several decades later, it has been ingrained in American culture. It did, however, go through a hard patch during the 1987 financial meltdown. It was at this point that a Japanese corporation called Ito-Yokado stepped in to assist the company. This is why it has since been acquired by Seven & I Holdings and became a subsidiary of the company.
7 Eleven
