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

 DOWNERS GROVE, Ill., Oct. 25 /PRNewswire/ -- Spiegel, Inc. (NASDAQ-NMS: SPGLA), today filed with the Securities and Exchange Commission an S-3 registration statement relating to the proposed public offering of 3,600,000 shares of newly authorized class a non-voting common stock. All shares of the stock are being issued by the company. A two-for-one stock split in the company's common stock was effected by a 100 percent stock dividend to holders of record on Oct. 22, 1993, payable on Nov. 2, 1993.
 The planned offering, which will be made only by the prospectus, will offer shares solely in the United States. 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 will manage the offering.
 The net proceeds of the offering, all of which will go to Spiegel, Inc., will be used for the reduction of commercial paper debt incurred for working capital and other general corporate purposes.
 A registration statement relating to the proposed securities offering has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 Spiegel, Inc., is the dominant multi-channel specialty retailer marketing fashionable apparel and home furnishings to discerning customers through catalogs and more than 290 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 prospectus relating to this proposed offering may be obtained from Robertson, Stephens & Company, 555 California Street, Suite 2600, San Francisco, CA 94104, 415-781-9700.
 -0- 10/25/93
 /CONTACT: Debbie Koopman of Spiegel, 708-769-2596/
 (SPGLA)


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

MP -- NY076 -- 6363 10/25/93 13:09 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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