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  • ROY DISNEY SELLS CONTROLLING STAKE OF L.A. GEAR

              After years of "struggling to revive" L.A. Gear Inc.,
         Trefoil Capital Investors L.P., one of Roy Disney's
         investment vehicles, has sold its 42% controlling interest
         in the company to CA-based PCH Investments, according to
         Kathryn Kranhold of the WALL STREET JOURNAL.  Trefoil
         reportedly took "a substantial loss" on the deal, and that
         it's unclear whether Trefiol "even received the market value
         for the shareholding."  Former L.A. Gear Chair Stanley Gold:
         "We've lost a substantial amount of money."  Gold, and six
         of eight directors, "will resign immediately," and 36-year-
         old David Gatto, who joined L.A. Gear as CAO in June, will
         become Chair & CEO.  Through the first six months of the
         year, L.A. Gear reported a net loss of $9.6M, or $.61 a
         share, on revenue of $63M (WALL STREET JOURNAL, 10/14).
    
    
    
    

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