Knickerbocker Sell-Off
- Share via
RANCHO SANTA MARGARITA — L.L. Knickerbocker Co. director Farrah Fawcett plans to sell about 12% of her shares in the maker of products sold on cable TV shopping networks.
The actress said in a Securities and Exchange Commission filing that she plans to sell 35,000 shares. At Thursday’s closing price of $7.50 a share, Fawcett would gross $262,500.
A company spokeswoman said that Fawcett is selling the shares for personal reasons and that the transaction is not a reflection of Knickerbocker’s fortunes. If completed, the sale would leave Fawcett with 260,000 shares, a 1.5% stake in the company. Fawcett has sold 20,000 Knickerbocker shares since September.
Also on Thursday, Knickerbocker said its Krasner Group subsidiary signed a licensing agreement with actress Cicely Tyson to make a line of jewelry that will be sold on the QVC network.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
