SOLD: Fifteen per cent of American Apparel for $80 Million

aaad

Sex mad fashion mogul Dov Charney can breathe a sigh of relief. His cash-strapped brand American Apparel has just been thrown an $80 million lifeline from Lion Investment. The move gives the London-based firm a 15 percent share of the SoCal company.

News of the bailout sent AA shares up 68 percent yesterday — a development even more smile-making than Charney’s notoriously race advertisement (i.e. above).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: