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Hold everything - stock in the L.A.-based retailer (and home to the irrepressible Dov Charney) jumped 27 percent today... to a hefty $1.58 a share. Why that's almost enough to buy a large regular coffee at Starbucks. The stock rose on news that a group of Canadian suck... er, I mean investors had agreed to inject up to $45 million to keep the place going. Charney thinks it's a turning point.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.