 William Franklin Bermender | Our unheroes at Kleargear have released more completely insulting rubbish ... "PARIS, Aug. 28, 2014 /PRNewswire/ -- International giftware developer, distributor and retailer Descoteaux Boutiques (DBS) has completed negotiations for the sale of its remaining retail holdings Gift World and Kleargear at 5.3 times projected 2014 EBITDA."
"In connection with the asset sale, DBS' head of North American retail operations, J. Lee Gersten, has left the company effective immediately. Under Gersten's astute leadership, DBS Retail reversed a deficit in fiscal 2006 to post a CAGR of 42.6% between 2007 and 2014, in the consumer discretionary space, during the most challenging global economy since The Great Depression." |