Syms Corp. said it is considering selling itself and other strategic alternatives. The company said its board is evaluating alternatives with Rothschild
Inc. as an adviser, and doesnt plan on commenting further unless a
transaction is approved or if the review process ends.
Syms acquired Filene’s Basement out of bankruptcy protection in the second quarter of 2009 for $62.4 million. The acquisition weighed on Syms results, and it reported a loss for the fiscal year that ended in February.
Syms operates 47 stores under the Syms and Filene’s Basement names throughout the U.S. as of May 13.