If we had this one to do over again we'd raise the money for expansion capital instead of debt repayment, scale back the growth objectives to a simple 10-15% and add a dividend. Under those terms we'd bet this deal could get done.
We were scratching our heads during this roadshow and wondering how this retail concept would be received by investors. The short answer is that they didn't find it attractive and the deal has been withdrawn.
DTLR or "Down Town Locker Room" as it originated caters to young black men who "dress from the . . .