Auto parts and services retailer Pep Boys is considering putting itself up for sale.
Former CEO Mike Odell announced his resignation in September and a new chief executive, Scott Sider, a former Hertz veteran, was named just two weeks ago. In June, the company agreed to nominate three board members in order to avoid a proxy fight with shareholders, Morning Call reported.
According to the company, the board is reviewing its strategic options to boost shareholder value. In addition to a potential sale, the company is considering a merger.
The company has hired Rothschild to assist in the review, according to Fortune. A number of potential buyers have already stepped forward. Back in May, private equity firm Golden Gate Capital, the largest shareholder in Ann, Inc. (NYSE: ANN), had expressed some interest in buying Pep Boys.
Pep Boys has more than 800 stores in 35 states and Puerto Rico.
-See this Morning Call article
-See this Fortune article
Pep Boys names CEO, Hertz veteran
Sports Authority launches plus-size line
Sports Authority names former Pep Boys exec as CMO
Rue21 targets plus sizes, opens new flagship
Wet Seal to close Arden B, expand plus-size juniors