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Cache to raise current share repurchase program
08
Jan '08
Cache Inc announced that its Board of Directors has approved a new share repurchase program. This new program increases the Company's current stock repurchase authorization to 3.0 million shares from 2.0 million shares previously, representing a reduction of 18% of the current common stock outstanding at September 29, 2007.

The Company plans to execute this program through the open market or in privately negotiated transactions, in accordance with SEC requirements. As of September 29, 2007, the Company had 16,309,358 shares of common stock outstanding.

Mr. Brian Woolf, Cache's Chairman and Chief Executive Officer commented: “We believe the board's decision to increase our current share repurchase program is a strong testament to the strength of our business model and our ability to create value for shareholders.

We continue to believe Cache is a unique investment opportunity through our ability to offer complete wardrobe needs for fashion conscious women who require a missy fit. This along with targeted marketing and the benefits of our vertical integration stemming from the acquisition of Adrienne Victoria Designs has us poised for sustained long term growth.”

Cache Inc


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