|
|
Article: LESLIE FAY MERGER PLAN APPROVED BY HOLDERS.
- Article from:
- WWD
- Article date:
- August 25, 1999
- Author:
CopyrightCOPYRIGHT 1999 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Shareholders of the Leslie Fay Co. Inc. on Tuesday approved a plan to merge with two private investment funds affiliated with Three Cities Research Inc.
At its annual meeting, John J. Pomerantz, Leslie Fay's chairman and chief executive officer, also gave details on the company's outlook for the rest of this year and shed some light on its plans for 2000 and beyond, including new dress and suit lines and the possibility of further acquisitions.
"Looking at the full year 1999, we expect to see continued sales and gross margin improvement, as well as bottom-line growth -- all reflecting the addition of the Warren Apparel Group and the ...