05:57 PM EDT, 03/19/2024 (MT Newswires) -- Gildan Activewear ( GIL ) , owner of the American Apparel fashion brand, received a nonbinding offer from Sycamore Partners, Bloomberg News reported Tuesday, citing people familiar with the matter.

The private equity firm is exploring financing options with potential lenders, according to the report.

Gildan is reportedly said to be reaching out to other potential buyers.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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