Cabela’s review a two-part process, sources say

15 January 2016 - 12:00 am UTC

15 January 2016 – Cabela’s (NYSE:CAB) is considering a sale of its credit card assets separate from its retail business, two sources briefed on the matter said.

Last month, the Sidney, Nebraska-based specialty retailer announced it had hired Guggenheim Securities to review strategic alternatives following pressure from activist investor Elliott Management.

The strategic review remains at an early stage, three sources briefed on the matter said. Cabela’s needs to address its small bank, World’s Foremost Bank, if it wants to pursue a sale to a private equity firm.