| Ticker: SKS | 12 East 49th Street | |
| Exchange: New York Stock Exchange | New York, New York 10017 | |
| Industry: Retail | (212) 940-4048 |
| Type of Shares: | Common Shares | Filing Date: | 3/14/96 | |
| U.S. Shares: | 11,000,000 | Offer Date: | 5/21/96 | |
| Non-U.S. Shares: | 2,750,000 | Filing Range: | $20.00 - $23.00 | |
| Primary Shares: | 13,750,000 | Offer Price: | $25.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.50 | |
| Offering Amount: | $295,625,000 | Selling: | $0.90 | |
| Expenses: | $5,200,000 | Reallowance: | $0.10 | |
| Shares Out After: | 60,966,605 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| CS First Boston | Co-manager | (212) 909-3312 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $1,686.79 | Assets: | $1,366.19 | ||
| Net Income: | -$64.10 | Liabilities: | $1,283.01 | ||
| EPS: | -$1.29 | Equity: | $83.18 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is recognized worldwide as a premier fashion retailer, offering the finest quality and latest style in women's and men's apparel. Supported by a strong commitment to personalized customer service, the company primarily sells better, bridge and designer apparel, shoes, accessories, jewelry, cosmetics and fragrances for women and men, as well as gift merchandise and children's apparel. Capitalizing on its 70-year history as a fashion authenticator and the prominence of its landmark Fifth Avenue store in New York City, the company has developed one of the most recognized retailing franchises in the world. The company is experiencing significant momentum in its financial performance, reflecting the success of new business strategies developed and implemented in 1994 and the significant investments in stores, inventories, staff and systems made since 1990. |
| Use of Proceeds |
| The proceeds from the offering will be used for debt repayment of its credit facility and for working capital requirements. |
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