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.]