Hedge-fund honcho Phil Falcone just got his fashionista
wife, Lisa Maria, a hot gift — lingerie chain Frederick’s of Hollywood, according to a NY Post report..
A division of Falcone’s publicly traded Harbinger Group
handed over $10 million to the troubled underwear retailer in exchange for the
right to control the company, FOH announced.
If it exercises that right, Harbinger’s Five Island Asset Management
will appoint a majority of the board.
FOH, founded 66 years ago by Frederick Mellinger, inventor
of the push-up bra, was peddling sexy lingerie (left) 30 years before Victoria’s
Secret emerged. FOH operates 118 stores
across the country and has been struggling amid sagging sales…
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