Marquee Brands, which has offices in New York and Los Angeles, is a leading global brand owner and marketer. Owned by investor funds managed by Neuberger Berman, a leading employee-owned investment management firm. The company's brands include: Martha Stewart, BCBGEneration, BCBGMAXAZRIA, Ben Sherman, Body Glove, Bruno Magli, Dakine and Emeril Lagasse.

"We are pleased that Marquee Brands recognizes the value of our business and has made a competitive bid during our marketing and sale process," says Lisa Gavales, a member of Destination Maternity's Board of Directors and the interim Office of the CEO. "We are working to continue the sale process, including the auction, and look forward to an outcome that will maximize value for our stakeholders. Looking ahead, we remain focused on continuing to serve our loyal customers."

Throughout the process, Destination Maternity expects its operations to continue to serve customers and to meet the day-to-day obligations to its employees, suppliers of goods and services and customers.

Kirkland & Ellis LLP and Landis Rath & Cobb LLP are acting as the company's legal co-counsel, Greenhill & Co., LLC is acting as investment banker and Berkeley Research Group, LLC is serving as Destination Maternity's restructuring advisor.