One of America's most controversial clothing brands is making a comeback, but ditching some of its signature traits.

Gildan won't be buying any of American Apparel's retail assets but it does plan a separate purchase of inventory following court approval of the transaction.

Canadian companies can exploit a loophole in our tax code which permits them to deduct the profits they make offshore from their Canadian corporate taxes - encouraging companies to move their operations out of Canada to low-tax offshore havens.