American Apparel Looks to Replace Board Members

American Apparel Inc., which recently raised $14.9 million from private investors including Canadian financier Michael Serruya and Delavaco Capital, is in talks to replace two of its six board members, Reuters reported, citing news from Bloomberg. Serruva and Delavaco Capital may buy $8 million of additional shares in the coming weeks, Bloomberg reported.

29 June 2011•1 min read
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