Fund 1 Sends Letter to Vera Bradley’s Board of Directors Highlighting the Opportunity for Value-Enhancing Strategic Alternatives
Fund 1 Investments LLC (together with its affiliates, “Fund 1”) is the largest shareholder of Vera Bradley, Inc. (
NASDAQVRA) ("Vera Bradley" or the "Company"), beneficially owning 10.0% of the Company’s outstanding shares and having economic exposure of 20.0% of the outstanding shares. Today, Fund 1 sent the below letter to the Company’s Board of Directors:
