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Apparel retailer Charlotte Russe to pursue sale process
16 Mar '09
1 min read
Charlotte Russe Holding Inc announced that its Board of Directors has instructed its financial advisor, Cowen and Company, LLC, to initiate a sale process as part of the Company's previously announced review of strategic alternatives.
The Company has received preliminary expressions of interest in acquiring the Company from both financial and strategic buyers. The sale process will enable the Company to obtain formal indications of interest from potential buyers. There can be no assurance, however, that a transaction will result.
The Company continues to implement a new strategic plan designed to increase long-term growth and profitability. As previously announced, the Company will announce its 2009 second quarter results on April 21, 2009.
The Company has received preliminary expressions of interest in acquiring the Company from both financial and strategic buyers. The sale process will enable the Company to obtain formal indications of interest from potential buyers. There can be no assurance, however, that a transaction will result.
The Company continues to implement a new strategic plan designed to increase long-term growth and profitability. As previously announced, the Company will announce its 2009 second quarter results on April 21, 2009.
Charlotte Russe Holding Inc
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