Most Recent Articles In Fashion Scoops
Latest Fashion Scoops Articles
- Ira von Furstenberg Does Asia
- Selfridges to Launch Gender Neutral Retail Concept
- Muuse Projects Rebrands
More Articles By
PERRY AT A PRICE: The father-son team of George and Oscar Feldenkreis has been a long-standing partnership at what was once Supreme International and is now Perry Ellis International Inc. But if reports currently circulating in the investment community are accurate, the duo might be considering a sale of the Miami-based company of which they hold more than one-fifth of the shares.
Less than a month ago, activist investment firm Legion Partners took a 6 percent stake in the firm in tandem with the California State Teachers’ Retirement System, looking to bolster its balance sheet and separate the roles of chairman and chief executive officer, both currently held by George Feldenkreis. Shares Wednesday spiked 7.9 percent to close at $20.73, with most of the gain following The Deal’s midafternoon report of a possible sale. With the stock off recent lows, the opportunity for a value acquisition might have passed: The current ratio of enterprise value to earnings before interest, taxes, depreciation and amortization is 14.3. Calls seeking comment from the company weren’t returned at press time.