Investors drove shares of American Apparel Inc. up 21.3 percent Thursday, celebrating both the company’s $25 million financing deal and the cease-fire between founder Dov Charney and the board that sought to oust him.
The stock jumped 18 cents to $1.03 and logged the strongest performance of the 100 shares in the WWD Global Stock Tracker, which fell 0.7 percent to 99.44 for the day.
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)