Friday, September 5, 2014

Kleargear revisited


William Franklin Bermender
Our unheroes at Kleargear have released more completely insulting rubbish ... "PARIS, Aug. 28, 2014 /PRNewswire/ -- International giftware developer, distributor and retailer Descoteaux Boutiques (DBS) has completed negotiations for the sale of its remaining retail holdings Gift World and Kleargear at 5.3 times projected 2014 EBITDA."

"In connection with the asset sale, DBS' head of North American retail operations, J. Lee Gersten, has left the company effective immediately. Under Gersten's astute leadership, DBS Retail reversed a deficit in fiscal 2006 to post a CAGR of 42.6% between 2007 and 2014, in the consumer discretionary space, during the most challenging global economy since The Great Depression."
Riiiight. The invisible phantom known as J. Lee Gersten and Kleargear are massive successes, don't be fukkin ridiculous. "Lee's success serves as a testament to his team's ingenuity, merchandising strategy and streamlined logistics," continued Monette."

Yup, finally going taters up is testament to this wicked horrid scamola all righty.

William Franklin Bermender

Stephen L. Gutman
Bottom line? William Franklin Bermender and his dead icky lawyer Mr. Stephen L. Gutman figure a dopey public rubbish show of shuttering Kleargear.com will somehow avoid the need for paying a civil judgement for fraud.



http://www.prnewswire.com/news-releases/descoteaux-boutiques-exits-retail-sector-273013121.html