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Party City Holdings files $350 million IPO
Elmsford, N.Y. -- Party City Holdings, parent company of Amscan Holdings, has filed an initial public offering of $350 million of common stock as it raises funds to pay down debt.
It intends to list under the symbol PRTY. Current stockholders are also likely to sell shares alongside Party City in the IPO. -
Abercrombie & Fitch’s CEO compensation package down 38%
New York City -- The chairman and CEO of Abercrombie & Fitch Co. received a pay package worth $22.5 million, down 38% from last year, mostly because of a reduction in option awards, according to an analysis by The Associated Press.
Jeffries, 66, received a base salary of $1.5 million and a performance-based bonus of $2.3 million, according to a filing with the Securities and Exchange Commission.
He received option awards worth $14.1 million on the date they were granted, down 58% from the prior year.