Wednesday, 27 July 2016
Last updated 9 min ago
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.