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SPIEGEL, INC. OFFERS 3,600,000 SHARES OF CLASS A NON-VOTING COMMON STOCK

 DOWNERS GROVE, Ill., Dec. 14 /PRNewswire/ -- Spiegel, Inc. (NASDAQ-NMS: SPGLA) announced today that it has completed a public offering of 3,600,000 shares of class A non-voting common stock at a price of $18. All shares of the stock were issued by the company.
 The company has granted the underwriters a 30-day option to purchase up to an additional 400,000 shares of class A non-voting common stock, solely to cover over-allotments, if any. Robertson, Stephens & Company, L.P. managed the offering.
 Spiegel, Inc., will use the net proceeds of the offering for the reduction of commercial paper debt incurred for working capital and other general corporate purposes.
 Spiegel, Inc. is a leading multi-channel specialty retailer marketing fashionable apparel and home furnishings to discerning customers through catalogs and over 300 specialty retail stores. Spiegel's businesses include Eddie Bauer, New Hampton, Crayola Kids, E STYLE and For You from Spiegel. Spiegel's class A non-voting common stock trades on the NASDAQ National Market System under the ticker symbol: SPGLA.
 A copy of the final prospectus relating to this offering may be obtained from Robertson, Stephens & Company, L.P., 555 California Street, Suite 2600, San Francisco, CA 94104, 415-781-9700.
 -0- 12/14/93
 /CONTACT: Debbie Koopman of Spiegel, 708-769-2596/
 (SPGLA)


CO: Spiegel, Inc. ST: Illinois IN: REA SU: OFR

MP -- NY040 -- 3607 12/14/93 11:25 EST
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Publication:PR Newswire
Date:Dec 14, 1993
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