By  on April 4, 2014

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.

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