Greek Investments, Inc. is now the largest shareholder of Pacific Sunwear.
The private, family-run film has invested more than a quarter-billion dollars in a number of U.S. retailers and restaurant chains over the past two years. Besides PacSun, the company is the biggest shareholder of Pier 1 Imports, and is the second largest in Ruby Tuesday, according to FactSet Research.
Although Greek Investments has already had considerable success in its investments, such success has yet to be seen with Pacific Sunwear. Greek Investments disclosed a 5.2% stake in September when shares traded at $4.21. Its stake hit 30.45% in May, and its shares closed Wednesday at $2.82.