It's worth noting the association between Blundy and RCG co-CEO Agostinelli. The two were instrumental in successfully building Sanity Music into the leading music retailer over 10 years ago. They also were partners in youth footwear company Ghetto Sport & Street. So probably we're witnessing a vote of faith by Bludy in management by raising his stake in RCG. Interestingly Agostinelli wasn't keen to offer up any of his shares in the sell down!
It's worth noting the association between Blundy and RCG co-CEO...
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$2.19 |
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