Big news for local Greenpoint fashion retailer Oak (55 Nassau Ave) – American Apparel recently bought the company. Via New York Magazine:
“As WWD reports, American Apparel purchased the gothic-leaning New York retailer Oak….which currently has two locations — one in Greenpoint and one in Noho — will most likely expand thanks to American Apparel’s financial and manufacturing capabilities. Charney commented to WWD that he intends to double Oak’s current profit, which is about $5 million in sales right now.”