Express Looks More Like Retail Beta Than Alpha
Express: Great Company But Wait For A Pullback
Express Still Valued At A Significant Discount
Jun. 12, 2014, 5:40 PM
- In a new 13D, Sycamore Partners discloses it has a 9.9% Express (EXPR) stake, and says it would like the board's help in performing "due diligence to determine a definitive valuation of [Express] in order to submit a binding, fully financed proposal to acquire all of the remaining common stock of [Express] not owned by Sycamore."
- Sycamore has already taken a large stake in fellow retailer Aeropostale (ARO), and struck a deal last year to acquire The Jones Group.
- ARO +4.8% AH.
Express, Inc. is a specialty apparel and accessories retailer offers both women's and men's merchandise. It offers fashionable apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual, jeanswear and going-out occasions. It operates... More
Industry: Apparel Stores
Country: United States
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