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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.]

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