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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)