Designing Strategy: Bill Blass Hires Bank to Explore a Sale
Fashion house Bill Blass has been approached by a would-be suitor and is exploring its options. A financial source familiar with the negotiations confirmed the for-sale rumblings, but declined to provide the name of the suitor or a purchase price.
From This Issue
NEW YORK — Off-pricer Syms Corp. parlayed a single-digit sales pickup into more than a fivefold increase in net income during the fourth quarter and declared a special $1-a-share dividend. During the 13 weeks ended Feb. 26, net income vaulted to…