bebe stores, inc. Exploring Strategic Alternatives
March 22 2017 - 4:30PM
Business Wire
bebe stores, inc (Nasdaq: BEBE), announced today that its Board
of Directors is exploring strategic alternatives for the company.
bebe has retained B. Riley & Co. as its financial advisor and
has also engaged a real estate advisor to assist with options
related to its lease holdings. bebe said that there is no assurance
that this process will result in any specific transaction, and it
does not expect to disclose further developments during this
process unless and until the Board of Directors has approved a
specific transaction or otherwise determined that disclosure is
appropriate.
About bebe:
Unique, sophisticated and timelessly sexy, bebe emerged as the
first contemporary fashion destination in 1976. Today, bebe
continues to define next-generation chic while staying true to its
assertive, provocative origins. Inspired by Shakespeare’s immortal
words “To be, or not to be,” the brand is, at its essence, about
living, standing out and truly existing. As a global specialty
retailer that designs, develops and produces a unique line of
women’s apparel and accessories, bebe currently operates 134 retail
stores, 34 outlet stores and www.bebe.com. In addition to its store
locations in the United States, Puerto Rico and Canada, bebe also
distributes and sells bebe branded product in approximately 75
doors through its licensees in more than 21 countries.
About B. Riley & Co., LLC
B. Riley & Co., LLC is a leading investment bank which
provides corporate finance, research, and sales & trading to
corporate, institutional and high net worth individual clients.
Investment banking services include initial, secondary and
follow-on offerings, institutional private placements, and merger
and acquisitions advisory services. The firm is nationally
recognized for its highly ranked proprietary equity research. B.
Riley & Co., LLC is a member of FINRA and SIPC.
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version on businesswire.com: http://www.businesswire.com/news/home/20170322006268/en/
bebe stores, inc.Walter Parks, 415-715-3900President,
Chief Operating Officer and Interim Chief Financial Officer
Bebe Stores (PK) (USOTC:BEBE)
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