April 29, 1992 |
A British clothing and shoe company with ties to Reebok International and Adidas, the world's top two athletic shoemakers, bought a 4% stake Tuesday in troubled L.A. Gear, the No. 3 sneaker maker. Pentland Group, which helped launch Reebok and owns a 20% stake in the German parent of Adidas, invested $14 million in L.A. Gear and agreed to help the Marina del Rey company with some of its manufacturing operations in Far East plants. L.A.