I didn't read it. Corporate counsel for AG is a very close family friend and he advised me that he said SEVEN, (but in our lingo that means SFAM) was purchased for $700 million!. Anyway, when something big like this happens in the industry, the story spreads like wildfire. The whole story has not yet been released, but it appears that a bunch of investors purchased the company.

Joes Jeans was recently looking for investors to keep the company afloat and fortunately, Joe's found the investors who did not change the company or quality of jeans that much.

The founders of True Religion got about $81 million for going public. If Mike Ball ever goes pubic I would be surprised. The jeans are not just his job, they are his life, a reflection of him.