Reported 1 day ago
In a challenging market, Vera Bradley, renowned for its colorful handbags, faces significant financial struggles, with a 48% stock decline over the past year. The company's largest shareholder, Fund 1 Investments, has urged the board to explore strategic alternatives to restore profitability. They suggest taking the brand private to alleviate pressure from public market expectations, enabling a focus on brand revitalization amidst the broader industry's recovery.
Source: YAHOO