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bebe stores, inc. Announces Departure of CEO

BRISBANE, Calif.--([ BUSINESS WIRE ])--bebe stores, inc. (Nasdaq:BEBE) announced today that Gregory Scott has left the company as Chief Executive Officer and a member of the Board of Directors in order to pursue other interests, effective January 9, 2009.

Manny Mashouf, bebe's founder and Chairman of the Board, will assume responsibilities as bebe's Chief Executive Officer. The company also has appointed Cynthia Cohen as the Board's lead independent director.

"We appreciate the contributions Greg has made to the progress of the company and wish him well," said Mr. Mashouf.

bebe stores, inc. designs, develops and produces a distinctive line of contemporary women's apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp, bebe O and 2b bebe brand names. bebe currently operates 312 stores, of which 215 are bebe stores, 13 are 2b bebe stores, 19 are bebe outlet stores, 64 are BEBE SPORT stores and 1 is a bebe accessories store. These stores are located in the United States, U.S. Virgin Islands, Puerto Rico and Canada. In addition, there is an online store at [ www.bebe.com ].