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.


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