| Ticker: DK | 550 Seventh Avenue | |
| Exchange: New York Stock Exchange | New York, New York 10018 | |
| Industry: Manufacturing | (212) 789-1500 |
| Type of Shares: | Common Shares | Filing Date: | 4/17/96 | |
| U.S. Shares: | 7,525,000 | Offer Date: | 6/27/96 | |
| Non-U.S. Shares: | 3,225,000 | Filing Price: | $21.50 | |
| Primary Shares: | 10,750,000 | Offer Price: | $24.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.44 | |
| Offering Amount: | $231,125,000 | Selling: | $0.87 | |
| Expenses: | $4,100,000 | Reallowance: | $0.10 | |
| Shares Out After: | 21,487,934 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-2000 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 4/2/95 | 3/31/96 | ||
| Revenue: | $510.13 | $159.59 | $120.69 | Assets: | $226.27 |
| Net Income: | $53.68 | $11.71 | $26.73 | Liabilities: | $134.48 |
| EPS: | $0.91 | $0.32 | $0.20 | Equity: | $91.79 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is one of the world's leading international fashion design houses. The company designs, contracts for the production of, markets and distributes "designer" and "bridge" collections of men's and women's clothing, sportswear, accessories, and shoes under the Donna Karan New York and DKNY brand names, respectively. The company also develops, contracts for the production of, markets, and distributes collections of men's and women's fragrance, bath and body, and treatment products under the DK Men and Donna Karan New York brand names, respectively. In addition, the company selectively has granted licenses for the manufacture and distribution of certain other products under the Donna Karan New york and DKNY brand names, including hosiery, intimate apparel, eyewear, and, most recently, a license for children's apparel under the DKNY brand name in Europe and the Middle East. |
| Use of Proceeds |
| The proceeds from the offering will be used to pay over $116 million to members of the Takihyo Group and members of the Karan/Weiss Group, as well as to others, and to repay other debt. |
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