Hanover Direct Chairman, Board Member Both Resign

Weehawken, NJ–Multititle housewares and apparel cataloger Hanover Direct on Dec. 20 completed a common and preferred stock transaction with Richemont Finance S.A. and amended its credit agreement with Congress Financial Corp. As part of the transaction, Chairman Eloy Michotte and Alan Grieve have resigned from the Hanover Direct, Inc. Board of Directors.

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