Shares of American Apparel Inc. got a boost Friday after the firm said lenders granted it a three-month extension on debt due to mature next month, and that the retailer has seen promising holiday sales.
According to a filing with the Securities and Exchange Commission dated Friday, the Los Angeles-based firm received an extension of its credit facilities with lender SOF Investments, which now have a maturity date of April 20. The debt was due on Jan. 18.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)