Brief: Bebe Stores entered into consulting agreement to sell all merchandise and inventory owned by company, certain units in existing retail stores
21/04/2017 11:06
April 21 (Reuters) - Bebe Stores Inc BEBE.O
* Bebe Stores-On April 18 entered into consulting agreement
to, sell all merchandise and inventory owned by co, certain
units in existing retail stores
* Bebe Stores Inc- Company currently anticipates that it
will close all of stores by end of May 2017
* Bebe Stores - Expects to recognize impairment charge of
approximately $20 million, net of deferred rent and other
credits, as a result of closing stores
* Bebe Stores Inc- Impairment charge will be recorded in
third and fourth quarters of fiscal year 2017
Source text: [http://bit.ly/2pYDIQM]
Further company coverage: BEBE.O
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