American Apparel has won a new lease on life, with the signing of a new financing agreement with London-based private equity firm Lion Capital.
Under terms of the deal, which was finalized near midnight EDT on Thursday, Lion Capital will inject $80 million into the L.A.-based retailer of youthful underwear and sportswear, in exchange for warrants for 16 million new shares of American Apparel with a strike price of $2 per share.
"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)
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