New York – Specialty retailer Cache Inc. has received an inquiry about a potential sale of the company to a third-party buyer. The Cache board will 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, no formal or binding offers have been made to date, and Cache has not made a decision to pursue any specific transaction. Cache’s financial advisor Janney Montgomery Scott LLC is handling the inquiry.