Management changes at Frederick's of Hollywood

25 Aug '11

2 min read

Frederick's of Hollywood Group Inc announced that the Company and Linda LoRe have mutually agreed that, effective September 2, 2011, Ms. LoRe will resign both as President and as a member of the Board of Directors of the Company and its subsidiaries. She will continue her employment through January 20, 2012, and will assist in the orderly transition of her responsibilities to senior members of the Company's current management team.

Thomas Lynch, Chief Executive Officer of the Company, stated, "On behalf of the Company, I would like to thank Linda for her strong leadership and tireless service to the Company for more than 12 years. We wish her the best of luck and success in her future endeavors."

A description of the terms of Ms. LoRe's separation agreement with the Company and the payments and benefits to be provided to her, which are substantially consistent with those that were to be provided under her employment agreement in the event of termination, will be contained in a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission.

Frederick's of Hollywood Group Inc., through its subsidiaries, sells women's intimate apparel, swimwear and related products under its proprietary Frederick's of Hollywood brand through 123 specialty retail stores, a world-famous catalog and an online shop. With its exclusive product offerings including Seduction by Frederick's of Hollywood, the Hollywood Exxtreme Cleavage bra and Hollywood Sizzle Pool Party Swim, Frederick's of Hollywood is the Original Sex Symbol.

Frederick's of Hollywood Group Inc

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