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Leslie Fay Company Signs Agreement With Cynthia Steffe Inc. to Buy Company Assets and License Cynthia Steffe Labels.
PR Newswire
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April 18, 2000
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COPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW YORK, April 18 /PRNewswire/ --
The Leslie Fay Company, Inc. (Nasdaq: LFAY) today announced that it has signed a definitive agreement with Cynthia Steffe, Inc., in which Leslie Fay will purchase substantially all of Cynthia Steffe's assets. The agreement also calls for Cynthia Steffe to license her trade names to Leslie Fay. The agreement is subject to customary closing conditions. Leslie Fay expects the transaction to be consummated by the end of April 2000.
Cynthia Steffe, founded in 1989, focuses on the young contemporary market.
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