Harbinger Not Shy About Frederick's Of Hollywood

Mar 19 2013 | 12:45pm ET

Harbinger Capital Management's listed permanent capital vehicle is getting into the lingerie business.

Harbinger Group has invested $10 million in risqué lingerie retailer Frederick's of Hollywood. In exchange, it has been given an option to take control of the company by appointing a majority to its board of directors.

Frederick's has been struggling with poor sales at its 118 stores.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of