Following a crucial $80 million cash infusion from London-based Lion Capital on Friday, American Apparel Inc. reported solid fourth-quarter results on Tuesday morning.
Net income for the three months ended Dec. 31 was up 29.7 percent to $3.9 million, or 5 cents a diluted share, from $3 million, or 6 cents, in the year-ago period. Earnings per share diverged from net income because the company had 71.6 million diluted shares outstanding in the 2008 quarter versus 52.5 million in the 2007 quarter.
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)