TSG Consumer Partners has taken a minority stake in the affordable eyewear brand.

This was in response to Randa’s latest volley in its attempt to acquire the company.

The sportswear brand is a staple at T.J. Maxx, Burlington Stores, Kohl’s, Boscov’s, Stage Stores and Stein Mart.

The U.S.-based holding company and Italian investment firm Panda Srl now own a majority stake in P448.

The accessories firm is sending another letter to the Perry Ellis Special Committee Monday morning on why it has the better offer.

The private equity, which won an auction bid on Thursday, aims to expand the brand’s business with a focus on Japan and the U.S.

Perry Ellis is moving forward on the $437 million takeover bid from founder George Feldenkreis.

A regulatory filing indicates Perry Ellis plans to proceed with Feldenkreis transaction.

The Italian private equity fund will hold a 30 percent stake in the California-based denim brand. 

The responsibility to shareholders involves a common sense approach to balancing price and the ability to close the deal.

The private equity player has taken a majority stake in Iconic, which is known for its illuminating and contouring formulas and vegan brushes.

The transaction includes French underwear brands Eminence and Athena, and the Italian brand Liabel.

Executives polled by KPMG also cited disruptive technologies and cyber threats as challenges moving forward.

The Perry Ellis special committee said a $444 million offer from Randa was “highly conditional, nonbinding and insufficient in terms of value and certainty.”

Signa and HBC have reportedly signed a letter of intent for the fusion of the German Karstadt and Galeria Kaufhof department store chains.