Trading shoes.By going public in a reverse merger, Fashion House Holdings Inc. is looking to acquire new brands. In the reverse merger, Los Angeles-based Fashion House acquired a controlling stake in a shell company called TDI TDI - Transport Driver Interface Holding Corp., listed on the Over-the-Counter Bulletin Board. TDI then changed its name to Fashion House. A reverse merger is a faster and less costly way of taking a company public than an initial public offering. Local denim companies Blue Holdings Inc. and True Religion Apparel Inc. have also gone public in this manner. Fashion House sells women's footwear for $79 to $350 to Nordstrom, Macy's and Neiman Marcus Neiman Marcus U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman. under the labels of designers Oscar de la Renta Oscar de la Renta (born July 22, 1932) is a leading fashion designer. Early years De la Renta (born Oscar Aristides Renta Fiallo) was born in the Dominican Republic to a Dominican mother and a Puerto Rican father. and Richard Tyler Richard Tyler is a fictional character in the USA Network science fiction television series The 4400. Character One of the first 4400s to be shown, Richard is Lily Tyler's husband, and is the father of her second daughter, Isabelle Tyler. Couture. The company generated $5.1 million in revenues for the year ended Dec. 31, 2004. "The company is at a point where it would like to go further with acquisitions of designer brands. The fact that it is a public company gives a platform to go forward," said Ron Wittman, Fashion House's chief financial officer. Fashion House has not released guidance for upcoming quarters. Shares of Fashion House fell 20.86 percent to close at $1.10 on Sept. 6, the company's first day of trading. Staff reporter Rachel Brown Rachel Brown (born July 2 1980) is an English footballer, currently playing as goalkeeper for Everton Ladies and England Women. After a long spell out with injury, Brown returned to the England team against Sweden in the last group game of Women’s Euro 2005. can be reached by phone at (323) 549-5225, ext. 224, or by email at rbrown@labusinessjournal.com. |
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