R.G. Barry Corporation entered into a non-disclosure and standstill agreement with Mill Road Capital Management LLC in regards to the PE firm's potential bid to acquire the company. R.G. Barry owns Dearfoams slippers as well as Baggallini handbags, totes and travel accessories; and Foot Petals premium insoles and comfort products.
The agreement follows the decision by R.G. Barry’s board of directors to proceed with the due diligence request of Mill Road for its previously announced unsolicited and non-binding proposal to acquire the company. R.G. Barry said it could offer no assurances that a deal would be complete.
R.G. Barry is being advised by Peter J. Solomon Company and Vorys, Sater, Seymour and Pease.