Bebe chairman to sell majority stake
Brisbane, Calif. – Manny Mashouf, founder and chairman of Bebe Stores Inc., intends to gradually sell off his 59% majority ownership stake in the company. Bebe has filed a registration statement with the SEC for a proposed secondary offering of about 46.9 million shares associated with Mashouf.
Mashouf will sell the shares during a reasonable period of time. Bebe will not receive any proceeds from the sale.