Women’s Wear Daily
04.19.2014
fashion-scoops
fashion-scoops

Lagerfeld Goes Glam... G12 in Pacsun Stake...

Karl Lagerfeld’s new capsule collection for Macy’s made its runway debut during the retailer’s annual Glamorama fashion-show-meets-concert in Minneapolis.

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Most Recent Articles In Fashion Scoops
Most Recent Articles In Fashion Scoops

G12 IN PACSUN STAKE: Greek Investments’ restructuring on July 27 resulted in the distribution of its Pacific Sunwear shares to G12, according to a regulatory filing with the Securities and Exchange Commission on Monday. The filing, a Form 13D amendment, said G12 now owns nearly 20.2 million shares of Pacific Sunwear, or a 30.4 percent stake in the specialty retailer. G12 is an entity indirectly owned by Nisos Trust through Eleonas, an intermediate holding company. The filing also said the shares were acquired for investment purposes, and that no additional shares were acquired in connection with the restructuring. The filing said G12 and entities connected with it reserved the right to change their investment intent, whether to acquire additional shares or dispose of any part or all shares.

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