Frederick’s of Hollywood exploring possible sale

Hollywood, Calif. -- Frederick's of Hollywood Group Inc. has retained Allen & Co. LLC, a New York-based investment bank, to assist the retailer in evaluating and exploring a broad range of strategic alternatives, including a sale of the company or a business combination.

“Over the past few months, the Board has received several inquiries regarding various transactions,” said Thomas Lynch, the company's chairman and CEO. “We believe it is an appropriate time to formalize the process by engaging a world-class advisor that can assist us in identifying and reviewing a wide array of strategic alternatives that can maximize value for our shareholders.”

Frederick's of Hollywood sells women's intimate apparel, swimwear and related products under its proprietary Frederick's brand through 117 specialty retail stores, a catalog and online.

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