Home / Knowledge / News / Apparel/Garments / Celebrate Express to review its strategic alternatives

Celebrate Express to review its strategic alternatives

Aug '06
Celebrate Express Inc announced that the Board of Directors has retained Cowen and Company, LLC to conduct, in conjunction with management, a thorough review of the Company's strategic alternatives to maximize shareholder value, including a potential sale of the Company.

After hearing from a number of the Company's shareholders, the Board has determined that now is an appropriate time to initiate an external process to explore strategic alternatives.

During this process, the Company will continue to move forward with its business plan in the ordinary course.

The Board noted that while it will review all options in consultation with its advisors, there can be no assurance of any particular outcome.

The Company does not plan to release additional information about the status of the review unless and until a definitive agreement is entered into, a definitive decision has been made on a course of action or the process is otherwise completed.

The Company also announced that Kenneth H. Shubin Stein, MD, CFA and Stephen Roseman, CFA joined the Company's Board of Directors. In connection with their appointment, the group of shareholders led by these individuals agreed to terminate their proxy solicitation efforts.

Kevin Green, the Company's Chief Executive Officer, said, "I look forward to working with Ken and Stephen as Board members and discussing their views on enhancing shareholder value."

Celebrate Express is a leading e-commerce provider of celebration products.

The Company currently operates three business to consumer brands: Birthday Express, which markets children's party products; Costume Express, which markets costumes and matching accessories; and Storybook Heirlooms, which offers girls' special occasion and specialty apparel.

The Company's goal is to help families celebrate the special moments in their lives.

Celebrate Express Inc

Must ReadView All

Pic: Shutterstock

Textiles | On 8th Mar 2021

Vietnam-UK FTA triggers two-way trade

After a month of Vietnam signing a free trade agreement (FTA) with...

Pic: Shutterstock

Retail | On 8th Mar 2021

2021 may see record retail sales in US, economy hinges on virus: NRF

A wide array of economic indicators point toward potentially record...

Pic: Lund University

Textiles | On 8th Mar 2021

Swedish scientists convert cotton into sugar, to make textiles

In a major step towards recycling, scientists at Sweden’s Lund...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

March 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search