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via retaildive.comCapital Markets

David's Bridal to spin off Pearl into stand-alone, publicly traded company

FROM THE WIRE · RETAILDIVE.COM

David’s Bridal CEO Kelly Cook is expected to become the chief executive of Pearl, which will own the wedding retailer’s intellectual property and brand.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA spin-off separating IP and brand is sector-relevant, but no listed ticker is involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Pearl will own the wedding retailer's intellectual property and brand.
  2. 02CEO Kelly Cook is expected to become chief executive of Pearl.
  3. 03Pearl will be a stand-alone, publicly traded company.

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