Delia’s Directors Invest in Company

Four senior executives and board members at cataloger D


Delia’s Directors Invest in Company

Four senior executives and board members at cataloger D’elia’s Corp. have invested $2.7 million in the company.

Stephen I. Kahn, chairman/CEO; directors Geraldine Karetsky and Christopher C. Edgar; and CFO Evan Guillemin each purchased shares of the company at 37 cents per share–a one cent premium over the Friday closing price of 36 cents. Overall, the investors purchased nearly 7.3 million shares.

At the same time, the New York-based firm received a commitment allowing it to sell off its Hanover, PA distribution facility.