STODAY NICARAGUA – For the first time in it’s 28 year history, American Apparel, The company, which prided itself on being the largest domestic apparel maker, is now producing shirts in Honduras and Nicaragua.
Gildan Activewear, which bought American Apparel out of Chapter 11 earlier this year, confirmed that labels denoting “Made in Nicaragua” and “Made in Honduras” will start appearing on its clothes this summer.
Gildan operates fabric and sewing factories in Central America for its wholesale division, which sells shirts to corporate customers, including those who print concert-related shirts.
Those customers are much more price sensitive, said Gildan spokesman Garry Bell.
American Apparel had employed more than 6,000 workers in several factories in Los Angeles — before
they were laid off in January.
According to the American Apparel website ost of the remaining 72 stores are closing this month, and the e-commerce will switch over to Gildan.
Businessmen in Nicaragua have asked President Daniel Ortega to ease growing tension with the United States, which is reviewing sanctions on the country that could have a major negative economic impact. The business sector spoke out when proposed sanctions against the Ortega regime came one step closer to passing in the US Congress Thursday, July 27. If the sanctions pass, […]
The US government has highlighted tax incentives and public-private sector dialogue, but warns that deficiencies in the rule of law, and extensive executive control can create significant challenges for those doing business in the country, particularly smaller foreign investors. From the executive summary of the report “Investment Climate in Nicaragua 2017” by the US State […]
In 2016 the imported value of spare parts for vehicles totaled $37 million, 9% more than the imports recorded in 2015. Figures from the information system on the Auto Parts and Accessories Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData Click here explore data in interactive graphs (in Spanish). Changes in […]
TODAY NICARAGUA – Two Colombian textile and apparel sector companies are expanding in Central America, with the expectation of creating some new 1,700 jobs, mostly in Nicaragua, the result of a US$8 million investment by Cali-based Supertex. A subcontractor for sportswear brands, which include Adidas, Nike y Under Armour, Supertex expects to hire 1,500 garment […]
TODAY NICARAGUA – A proposed bill in the U.S. threatens the operations of call centers from nations like Nicaragua, worrying employers and workers, according to a CNN Español report that says the bill could force companies that outsource customer service outside the United States to return to the U.S. The bill – which has the […]
TODAY NICARAGUA – The fund managed by Invercasa will focus on acquiring both commercial and residential properties, and the minimum stake will be us$5,000. Sociedad Nicaragüense de Inversión, a subsidiary of Invercasa Group, has received authorization from the Superintendency of Banks to begin operating the first real estate investment fund, which buys buildings to generate […]