Retail Ventures chairman buys 2.66 million shares for 59.9% ownership interest

By Lisa Kerner

Charlotte, N.C., Dec. 18 - Retail Ventures Inc. chairman Jay L. Schottenstein bought 2,662,100 shares of the company's stock in the open market on Dec. 16 and Dec. 17.

Each share was priced at $1.30 or $2.98, according to a schedule 13D/A filed with the Securities and Exchange Commission.

On Dec. 12 and Dec. 15, Schottenstein acquired 2,356,300 shares of Retail Ventures, a prior SEC filing said.

Schottenstein beneficially owns 35,377,868 shares, or 59.9%, of the Columbus, Ohio-based retailer.

Retail Ventures, based in Columbus, Ohio, operates DSW stores and Filene's Basement stores.

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