[3] It was famous for its ability to profit from short-lived fashion fads[1] and also owned men's clothing retailers Silverman's, by purchasing 273 stores from Retail Ventures, Inc. (RVI), parent of American Eagle Outfitters, in 1989.
In May 1993, it purchased the Chess King clothing chain from the Melville Corporation.
[1] Their mid-1980s commercials parodied Quiet Riot's "Cum On Feel the Noize", with teens and young adults walking down a hallway with massive sized speakers blaring the song.
[citation needed] Merry-Go-Round's unsuccessful reorganization led to the 1998 lawsuit Devan v. Ernst & Young LLP against Ernst & Young for violating the standard of care as turnaround advisor.
The case resulted in the largest single defendant settlement in Maryland history.