According to a story on MarketWatch.com, Greek Investments, an Athens, Greece based investment group run by Jorge and Panayotis Constantino now owns 30.45 percent of Pac Sun. But that’s not all.
The firm is now the biggest single shareholder in sun-and-surf-inspired teen retailer Pacific Sunwear of California Inc. and home-furnishings retailer Pier 1 Imports Inc., and is the second-largest in dining chain Ruby Tuesday Inc., according to FactSet Research. It also holds substantial stakes in restaurant chain Cosi Inc. and bank-holding company BFC Financial Corp. (BFCF).
They really know how to pick ’em, huh? Add this to the list of things we’ll never understand about PacSun.
[Link: MarketWatch]
