Shares of American Apparel Inc. fell 13.9 percent after the company priced its underwritten public offering of 61 million shares at 50 cents each.
The company said it will use the net proceeds to fund working capital and for general corporate purposes. It also said it expects the public offering to close around March 31, subject to certain conditions.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"