Fifth & Pacific Companies, Inc. announced that it has entered into a definitive agreement to sell Lucky Brand Jeans to an affiliate of Leonard Green & Partners, L.P. (LGP) for total consideration of $225 million, with $140 million of the sale price to be paid in cash at closing and the remaining $85 million to be financed in the form of a three year seller note. The seller note can be repaid by LGP at any time prior to the end of its three year term, bears cash interest of $8 million per year, and provides for additional interest of $417 thousand per month, resulting in a $100 million maximum payment obligation at maturity. Further, the note will be secured by a first priority lien on the Lucky Brand trademark and also by a second priority lien on the other assets of Lucky Brand that are expected to be pledged to third party lenders. Under LGP's ownership, Lucky Brand Jeans will also assume the proportionate share of FNP's sourcing contract with Li & Fung in addition to other FNP obligations. This $225 million purchase price reflects a multiple of over 7 times the brand's latest twelve months pro forma adjusted standalone EBITDA (inclusive of corporate costs estimated to run the business on a standalone basis). Consummation of this transaction is subject to customary closing conditions and is expected to occur in the first quarter of 2014.
The New Jersey Association of Verismo Opera (Verismo Opera) pays tribute in its 24th season to the Year of Italian Culture in the United States with the double bill of Giacomo Puccini's sentimental tragedy Suor Angelica (Sister Angelica) and Pietro Mascagni's Cavalleria Rusticana (Rustic Chivalry). Under Artistic Director Lucine Amara, one of the Metropolitan Opera's most luminary performers, the company presents each opera with a full cast onSunday, October 20, 3:00 p.m., at the Bergen Performing Arts Center (bergenPAC), 30 North Van Brunt Street, in Englewood, New Jersey. The bergenPAC is handicapped accessible.
UJA-Federation of New York's Professional Women's Philanthropy brought together a diverse group of influential industry leaders in the fields of fashion, finance, entertainment, law, and business for Panel Night: Game Changers on October 9, 2013 at UJA-Federation's headquarters in New York City. Daryl Roth, Pulitzer Prize and Tony Award-winning Broadway producer; Rebecca Minkoff, international fashion designer; Melissa Ben-Ishay, president and chief product officer, Baked by Melissa; Deborah Leone, director of Internal Audit, Goldman Sachs; and Jaren Janghorbani, associate, Paul, Weiss, Rifkind, Wharton & Garrison LLP, along with moderator Bianna Golodryga, Good Morning America weekend co-anchor and ABC News Business correspondent, discussed with an audience of more than 275 women how they are changing the world by changing the rules and taking risks. 'You never know when doors will open for you,' Roth said.
The New Jersey Association of Verismo Opera launches its 24th season with Love, Comedy, Obsession & Murder at its open house in celebration of the year of Italian culture in America. Artistic Director and Met Opera luminary Lucine Amara invites the public, singers, actors, and people interested in volunteering with the organization to attend a free open house to learn more about Verismo Opera on Saturday, September 7, 2013, 1:00 p.m., at 44 Armory Street in Englewood, New Jersey.
The Secret Theatre will present 22 new short plays over 3 weeks in their LIC One Act Play Festival running April 4-27th. Each week a selection of plays will be presented. Audiences will vote on their favorites and the top 16 will perform April 25 & 26. The top 8 of those will perform on Saturday April 27th where winners in the Playwright/Director/Actor and Actress categories will be announced.
The Secret Theatre will present 22 new short plays over 3 weeks in their LIC One Act Play Festival running April 4-27th. Each week a selection of plays will be presented. Audiences will vote on their favorites and the top 16 will perform April 25 & 26. The top 8 of those will perform on Saturday April 27th where winners in the Playwright/Director/Actor and Actress categories will be announced.
Almost everyone is aware of the strange, if sometimes questionable, parallels between Abraham Lincoln and John F. Kennedy. But the fact is that every American president has one or more astonishing connection with other presidents.
The Los Angeles Dodgers ownership group created American Media Productions, LLC (AMP) in December 2012 to launch a new Los Angeles Dodgers regional sports network.
The McGraw-Hill Companies (NYSE: MHP) ("the Company") today announced it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, "Apollo"), for a purchase price of $2.5 billion, subject to certain closing adjustments.
The Philip K. Dick Science Fiction Film Festival is the city's first event of its kind celebrating the genre. The organizers behind the event which takes place in Brooklyn from from December 7-9, 2012 are excited to preview the award-winning films before their anticipated screenings. From the minds of talented filmmakers the festival brings forth the wisdom of worlds unlike anything seen before and showcase the possibilities of what science fiction offers.
American Conservatory Theater (A.C.T.) has added five performances to the world premiere production of The Tosca Project, created and staged by A.C.T. Artistic Director Carey Perloff and San Francisco Ballet's Val Caniparoli.
The American Conservatory Theater (A.C.T.) 2009-10 season culminates in the highly anticipated world premiere production of The Tosca Project, created and staged by A.C.T. Artistic Director Carey Perloff and San Francisco Ballet's Val Caniparoli. Conjuring a world in which love, betrayal, and hope emerge from the shadows and disappear with the clink of a glass, this gorgeously choreographed and achingly moving dance-theater piece brings together internationally acclaimed artists from San Francisco Ballet with a cast of renowned actors.
Neil S. Braun, who has more than 30 years of experience in senior management including positions as president of the NBC Television Network and CEO of Viacom Entertainment, has been appointed dean of Pace University's Lubin School of Business, effective July 1, announced Stephen J. Friedman, president of Pace University.
American Conservatory Theater (A.C.T.) has added five performances to the world premiere production of The Tosca Project, created and staged by A.C.T. Artistic Director Carey Perloff and San Francisco Ballet's Val Caniparoli.
The American Conservatory Theater (A.C.T.) 2009-10 season culminates in the highly anticipated world premiere production of The Tosca Project, created and staged by A.C.T. Artistic Director Carey Perloff and San Francisco Ballet's Val Caniparoli. Conjuring a world in which love, betrayal, and hope emerge from the shadows and disappear with the clink of a glass, this gorgeously choreographed and achingly moving dance-theater piece brings together internationally acclaimed artists from San Francisco Ballet with a cast of renowned actors.
The American Conservatory Theater (A.C.T.) 2009-10 season culminates in the highly anticipated world premiere production of The Tosca Project, created and staged by A.C.T. Artistic Director Carey Perloff and San Francisco Ballet's Val Caniparoli. Conjuring a world in which love, betrayal, and hope emerge from the shadows and disappear with the clink of a glass, this gorgeously choreographed and achingly moving dance-theater piece brings together internationally acclaimed artists from San Francisco Ballet with a cast of renowned actors.
Two backers of the original production of THE FANTASTICKS have reaped a 24,000-percent return on their original investment. The production, which began its run in 1960 and and closed in 2002, will still produce income for the family, Marjorie and Malcolm Gray, until 2020 based on the terms of the original contract, which states the backers will receive money for 18 years following the shows final performance.
Music Theatre International (MTI), the world's leading dramatic performing rights agency, announced today that Deborah Hartnett has joined the company as its new Director of Business and Legal Affairs.
