News Column

Cache Commences Public Offering of Common Stock

May 27, 2014



NEW YORK--(BUSINESS WIRE)-- Cache, Inc. ("Cache") (NASDAQ:CACH), a specialty chain of women’s apparel stores, announced today that it intends to offer and sell, subject to market and other conditions, $14.0 million of its common stock in a public offering. Cache intends to grant the underwriter a 30-day option to purchase up to an aggregate of 15% of the amount of common stock offered. Cache expects to use the net proceeds from the offering for working capital and general corporate purposes.

In connection with the offering, B. Riley & Co., LLC is acting as the sole underwriter. The offering of these securities will be made only by means of a prospectus and related prospectus supplement, copies of which can be obtained, when available, from B. Riley & Co., LLC, 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025.

A shelf registration statement relating to the shares of common stock to be issued in this offering has been filed with the Securities and Exchange Commission (the “SEC”) and is effective. A preliminary prospectus supplement related to the offering will be filed with the SEC and available on the SEC’s website located at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Cache, Inc.

Cache is a nationwide, mall-based specialty retailer of apparel and accessories. Cache offers a boutique shopping experience for stylish and fashion-conscious women with a product line consisting of elegant evening wear, event and day dresses, casual sportswear and accessories, primarily sold under the Cache brand- everything to meet the events and lifestyle needs in a woman's life. Cache currently operates 239 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico.

Forward-Looking Statements and Other Information

Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the federal securities laws. Although Cache, Inc. believes the statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation, our ability to successfully implement our business strategy and to integrate new members of management, industry trends, merchandise and fashion trends, competition, seasonality, changes in general economic conditions and consumer spending patterns, factors specific to our Company and merchandise, such as demand for our merchandise and markdowns. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. There can be no assurance that Cache, Inc. will complete the offering of shares of common stock, or as to the actual size or terms of the offering. Except as may be required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and we caution you not to rely upon them unduly.




Cache Inc.

Anthony DiPippa, 212-575-3200

Executive Vice President and Chief Financial Officer

or

Investor Relations:

ICR, Inc.

Allison Malkin/Rachel Schacter

203-682-8225/646-277-1243



Source: Cache Inc.


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