FiveT Capital decided not to stay around for the fight over American Apparel Inc.
The Zurich-based investor sold off 14.9 million shares of the company last month for $10.1 million, according to a regulatory filing today. Most of the stock sales occurred after the company ousted founder Dov Charney as president, chief executive officer and chairman, for alleged misconduct.
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)