American Apparel Receives $6.7 Million, Revenue and Stock Rise

By Kyle A. Richardson

Industry supplier American Apparel, Los Angeles, received $6.7 million from the issuance of stock shares this week, StreetInsider.com reports.

Of the 7.4 million shares in the private sale, it appears that approximately $6 million of the purchase was made by the group of private investors who purchased $15 million in shares of the company's stock in April. The remaining $700,000 in shares were purchased by company CEO Dov Charney.

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Companies:
American Apparel

Places:
Los Angeles

Kyle A. Richardson Author's page

Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.