CACHÉ, Inc. Announces Review of Strategic Alternatives

CACHÉ, Inc. (NASDAQ:CACH), a national multi- channel specialty retailer of women's apparel and accessories, today announced that the Company has received an inquiry from a third party regarding a potential sale of the Company which is being handled by Janney Montgomery Scott LLC, CACHÉ’s financial advisor. The Board of Directors has determined to explore and evaluate strategic alternatives including a possible merger, sale or other form of business combination.

There is no set timetable for the strategic review process. Further, no formal or binding offers have been made to date and the Company has not made a decision to pursue any specific transaction. There can be no assurance that the process described above will result in the consummation of any transaction or, if a transaction is undertaken, as to its terms or timing. The Company does not intend to disclose or comment on further developments unless and until its Board of Directors approves a specific action or it otherwise concludes its review of strategic alternatives.

About CACHÉ Inc.

CACHÉ is a national multi- channel specialty retailer dedicated to dresses, sportswear and accessories designed for special occasions and daily glamour. The Company currently operates 238 boutiques each of which offers premier service and a high- touch shopping experience. Recognized as industry experts, CACHÉ has dressed fashionable women for over three decades. CACHÉ boutiques are primarily situated in center court locations in America's top malls in 41 states, the Virgin Islands and Puerto Rico.

Forward- Looking Statements and Other Information

Certain matters discussed within this press release may constitute forward- looking statements within the meaning of the federal securities laws. Although CACHÉ, Inc. believes the statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward- looking statements due to a number of factors, including, without limitation, our ability to successfully implement our business strategy and to integrate new members of management, industry trends, merchandise and fashion trends, competition, seasonality, changes in general economic conditions and consumer spending patterns, factors specific to our Company and merchandise, such as demand for our merchandise and markdowns. Other important factors that may cause actual results to differ materially from those expressed in the forward- looking statements are discussed in our filings with the Securities and Exchange Commission (the "SEC"), including the section of our Annual Report on Form 10- K filed with the SEC on March 25, 2014 titled "Risk Factors." Except as may be required by applicable law, we undertake no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, and we caution you not to rely upon them unduly.

Investor Relations:ICR, Inc.Allison Malkin, 203-682-8225

Cache (CE) (USOTC:CACH)
過去株価チャート
から 10 2024 まで 11 2024