bebe stores, inc. (NASDAQ:BEBE) Files An 8-K Entry into a Material Definitive Agreement

bebe stores, inc. (NASDAQ:BEBE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

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Entry into a Material Definitive Agreement.

On November 1, 2017, bebe stores, inc., a California corporation (the “Company”), and GBG USA Inc., a Delaware corporation (“GBG”), entered into a First Amendment to Transition Services Agreement (“First Amendment”) to which the Company agreed to extend the provision of certain transitional services relating to the Company’s website and international wholesale business through November 30, 2018. GBG agreed to pay the Company a monthly fee to compensate the Company for its costs and expenses for providing the services. The First Amendment amends the Transition Services Agreement entered into between the parties on May 30, 2017.

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 30, 2017.

About bebe stores, inc. (NASDAQ:BEBE)

bebe stores, inc. designs, develops and produces a range of contemporary women’s apparel and accessories. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It designs and develops its merchandise in-house, which is manufactured to its specifications and it also sources directly from third-party manufacturers. The Company also offers accessories, which include jewelry, optical, fragrance, shoes and handbags. The Company operates stores in the United States, Puerto Rico and Canada. In addition, it has an online store at that ships to customers in the United States, Canada, Puerto Rico, the United States Protectorates and internationally via its third-party providers, International Checkout and Shoprunner. It has international stores operated by licensees in South East Asia, the United Arab Emirates, Russia, South America, Turkey and other territories.

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