Business Services Industry

Linens 'n Things Retains Financo as Financial Advisor

Business Wire, April 17, 2008

CLIFTON, N.J. -- Linens Holding Co. ("LNT" or the "Company"), a leading home furnishings specialty retailer operating as "Linens 'n Things", announced today that it has retained investment banking firm Financo, Inc. as a special advisor to assist the company in evaluating various strategies. The Company had previously announced that it had also retained Conway, Del Genio, Gries & Co., LLC as financial advisor.

"We are committed to exploring all reasonable avenues in our effort to strengthen the Company and to adopt a financial solution that recognizes the inherent value of the Linens 'n Things' business. Accordingly, we are our expanding our highly capable financial advisory team with the addition of Financo," said Robert J. DiNicola, Chairman and Chief Executive Officer.

Linens 'n Things, with 2007 sales of approximately $2.8 billion, is one of the leading, national large format retailers of home textiles, housewares and home accessories. As of December 29, 2007, Linens 'n Things operated 589 stores in 47 states and seven provinces across the United States and Canada. More information about Linens 'n Things can be found online at www.lnt.com.

About Financo, Inc.

Financo, Inc. is an investment banking firm that specializes in mergers and acquisitions, divestitures, restructuring, private placements and consulting. The firm's significant transaction history is heavily concentrated in retail, apparel, fashion, footwear, cosmetics, fragrance, e-commerce, consumer products and other merchandising-related industries. Headquartered in New York City, Financo has offices in London and Beverly Hills. For additional information, please visit the Company's web site at www.financo.com.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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