City Chic is regularly involved in exploratory discussions with...

City Chic is regularly involved in exploratory discussions with different parties regarding initiatives that could create value for its shareholders. However, there is no certainty that any of these opportunities, including any potential sale of City Chic's North American business, proceed to a binding transaction.

This reads as if there have been discussions regarding both takeovers of the entire business and sales of the NA business.

Blundy is a great shareholder to have in your corner for these situations. Wonder if Hanes are one of the potential suitors.