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This isn't quite the Black Friday sale we had hoped from Oak, the goth-leaning basics brand that ailing American Apparel snapped up two years back. Following the NYC-based label's attempts to save itself from the chopping block, a judge has given its LA-based parent company the green light to shutter Oak's four brick-and-mortar boutiques.
After filing for bankruptcy, the DTLA-based clothing manufacturer sought court approval to close nine American Apparel stores, and the entire Oak brand, which includes the Downtown and Beverly Boulevard locations that opened just last year. They're expected to close by January 31st, 2016 or sooner, while the AA stores—including Huntington Beach and Gilroy Outlet in California—will shutter before this year ends.
We've reached out to Oak and they're unable to comment at this time; for now, we're crossing our fingers that the edgy-cool brand has an 11th hour survival plan up its sleeves.
Another hearing's been set for American Apparel's reorganization plan on January 20th.