|
Regional Boston DC New York Silicon Valley Newslinx Most Popular ::
Winds Swirl Around Business Integration - 03/14/2003 uBid: Going Once, Going Twice - 03/14/2003 Soros to Rescue BlueflyAgain - 03/14/2003
http://www.atnewyork.com/news/archives.php/200303HOME |
Billionaire investor George Soros has once again upped the ante at struggling discount designer clothing retailer Bluefly, this time adding another $2 million in capital and eliminating some debt.
Manhattan-based Bluefly, whose stock price has again dipped below the NASDAQ-required $1 a share mark, was taken over by Soros Private Equity Partners in 2000 and at the time the headline on the story included the word "rescue."
Bluefly got another $4 million from Soros a year ago and in fact the investor has been steadily bailing the company out whenever it hits a tight spot.
InternetNews Realtime IT News -::
Yahoo Platinum Launches with Live 'March Madness' - 03/17/2003 uBid: Going Once, Going Twice - 03/14/2003 Soros to Rescue BlueflyAgain - 03/14/2003
http://technologynewsplanet.com/ec-news/archives.php/200303HOME |
You are in the Small Business Computing Channel arrow Small ::
Amazon Extends Affiliate Web Services to UK 03142003 uBid Going Once Going Twice 03142003 Soros to Rescue BlueflyAgain 03142003
http://www.ecommerce-guide.com/news/news/archives.php/200303HOME |
Now, in addition to the new capital and the elimination of $3 million in debt, Bluefly said it obtained "a standby commitment from affiliates of Soros Private Equity Partners to provide the company with an additional $1 million."
Rockville - Legal - Private Equity - Furnacebuyers Guide::
Soros to Rescue BlueflyAgain. The billionaire investor pumps in more money and ups his stake in the money-losing discount designer clothing site.
http://furnacebuyersguide.com/dm/Legal_-_Private_Equity-Rockville-d893986.aspxHOME |
You are in the: Small Business Computing Channel arrow Small ::
Amazon Extends Affiliate Web Services to UK - 03/14/2003 uBid: Going Once, Going Twice - 03/14/2003 Soros to Rescue BlueflyAgain - 03/14/2003
http://www.e-commerceguide.com/news/news/archives.php/200303HOME |
The new investment brings the Soros stake in Bluefly up to 89.7 percent. All told, Soros has invested about $50 million in Bluefly.
Although Bluefly reported net sales for 2002 increased 33 percent to $30.6 million, its operating loss for the year was $6.2 million, down from $11.8 million in 2001.
 uBid: Going Once, Going Twice...
 House Wants More Info on Troubled E-Rate Program |
PRINT
Add to favorites