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.
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)