January 8, 2018
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APPAREL: About $117M offering; sales, stores up
Irvine-based Tilly’s Inc.’s co-founders are picking an opportune time to cash out a sizeable portion of their holdings in the youth fashion and footwear chain.
Started what became youth fashion retailer early 1980s with then-wife, Tilly Levine, fellow OC 500er … also chief strategy officer 2011 … now some 200 stores … rocky retail climate … chain reported slight improvements, revenue and adjusted, non-GAPP net income mid- 2017 … $353M market cap