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Francesca’s Explores Alternatives

Chief Executive Officer Steve Lawrence steps down

Published

5 years ago

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Houston-based Francesca’s announced that it is exploring strategic and financial alternatives, which could include a possible sale. Other options it may consider include financing and refinancing.

The company has not set a timeline for the process and said that it will not comment further unless the board approves a move, according toRetail Dive.

The company also announced that Francesca’s Chief Executive Officer Steve Lawrence is resigning and, effective today, is replaced by Michael Prendergast. 

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