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Sharper Image's Levin Resigns, Eyes Purchase

4/10/2008 11:51:00 AM Eastern

San Francisco — Jerry Levin is resigning from his position as a member and chairman of Shaper Image’s board and has express interest in acquiring some or all of the company’s businesses or assets.

The retailer filed for Chapter 11 protection in February, claiming it was in a “sincere liquidity crisis.”

According to a release, Sharper Image’s recently appointed CEO said the company would “give full consideration to any proposal that may be made to acquire the company’s business or assets.” The company also said that “there can be no assurances that such a proposal will be forthcoming.”

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