Donald Hess, who had taken over operations from father Emil Hess, bought Parisian back and--heavy with debt--sold a 45 percent interest to Lehman Brothers in 1990, which injected $35 million into the company.
Donald Hess bought Parisian back. Donald Hess sold a 45 percent interest to Lehman Brothers in 1990. Lehman Brothers in 1990 injected $35 million into the company. Donald Hess had taken over operations from father Emil Hess.