Home Videos Photos

Uh Oh! American Apparel Investors Want To Sell Their Shares!

| Filed under: CanadialandBusiness BlitzAmerican Apparel

american-apparel-investors-selling-43-million-shares.jpg

The Canadian investors who pumped $15 million into American Apparel last April is having a serious case of buyer's remorse.

According to WWD, Michael Serruya filed paperwork with the SEC on Tuesday that would allow the group of investors to sell their shares — all 43.2 million of them.

Ouch.

And to think Serruya was praising Dov Charney only 4 months ago.

[Image via Ramey Pix.]

Tags: , , , , , ,

Happy Canada Day! Here's 20 Of Our Favorite Celebs From Across The Border That'll Be Celebrating Our Neighbors Up North!
Highest Paid World Cup Coaches
Celebrities You Didn't Know Were Voicing Commercials!
Top 25 Touring Bands Of The Past 25 Years!
Stars Who Were Born Rich BEFORE They Were Famous!
Degrassi Stars: Where Are They Now?!?

Comments are closed.