US: American Apparel sells 18% stake for $80m
US fashion retailer American Apparel Inc has sold an 18% stake in its business to British private equity firm Lion Capital for $80m, which it will use to pay off some of its debt.
US fashion retailer American Apparel Inc has sold an 18% stake in its business to British private equity firm Lion Capital for $80m, which it will use to pay off some of its debt.