American Apparel Names Brubaker as Interim CEO

American Apparel store | Source: Shutterstock

American Apparel Inc., the struggling clothing chain, named Scott Brubaker as its interim chief executive officer, replacing Chief Financial Officer John Luttrell, who had assumed the position temporarily after the ouster of company founder Dov Charney.

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Rocket Internet IPO to Value Firm Around $8 Billion

Rocket Internet's headquarters in Berlin | Source: Rocket Internet

Germany’s Rocket Internet, a venture capital group that has launched dozens of online start-ups, expects to raise almost double the amount it initially targeted from its initial public offering, pricing shares to value the firm at some $8 billion.

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