American Apparel Inc. continues to garner new funding from the Canadian investment group that bailed the company out in April.
The trendy Los Angeles-based retailer received $1.6 million on Tuesday, according to sources, as the investment group, headed by Michael Serruya, exercised another batch of warrants that were part of the April purchase agreement that pumped a critical $14.2 million into American Apparel’s coffers and staved off a potential bankruptcy.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"