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According to Finlay Enterprises, in a parallel work effort, as a result of several inquiries regarding potential transactions, the company has initiated a formal process whereby parties may indicate their interest in the company's business or assets.
The company said that it has previously received unsolicited interest from a number of financial and strategic investors and is interested in exploring these and any other interests that develop.
The company retained Alvarez & Marsal (A&M) as financial advisor in February 2009 and appointed David Coles of A&M as its chief restructuring officer. A&M is managing the process, reporting to the company's board of directors.
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