Beleaguered vertical retailer American Apparel Inc. has a new investor, and it’s one with a history of shareholder activism.
FiveT Capital Holding AG, a Zurich-based investment fund headed by Johannes Minho Roth, has acquired 20 million shares of Los Angeles-based American Apparel, translating to an 11.5 percent stake in the company.
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)