Sharper Chairman Quits, But May Buy Company
The chairman of the struggling specialty retailer The Sharper Image Corp. announced Thursday that he’s resigning- but plans to partner with other investors to make an attempt to buy the company.
Reuters reported that Jerry Levin has resigned, effective immediately, as both a board member and as chairman. He plans to buy either some or all of the company along an unspecified group of investors.
The chain filed for bankruptcy in February, and later announced plans to close around half its stores.