NEW YORK — Tarrant Apparel Group has closed on its offering of 850,000 shares of nonvoting series A convertible preferred stock at $38 a share.
The Los Angeles-based firm said the shares were sold to institutional and individual accredited investors. The offering, managed by Houston-based investment bank Sanders Morris Harris, allows for up to 1 million preferred shares to be sold. Tarrant said it expects a second and final closing to occur within the next several days.
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)