Modell Seeks to Raise $1b to Buy Party City, Big Lots: NYP

Former Modell’s Sporting Goods CEO Mitchell Modell is evaluating a potential deal with ex-Forever 21 executive Larry Meyer and Barnes & Noble ex-CEO Demos Parneros, he tells New York Post in an interview.

• Would not put in any of his own money
• Plans to keep retail brand names; would move to foreign manufacturing
• NOTE: Party City Files for Bankruptcy a 2nd Time in Retail Déjà Vu
  • Big Lots’ New Rescue Deal at Risk Following Creditor Opposition

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To contact the reporter on this story:
Michael Sin in Singapore at msin12@bloomberg.net

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