DALLAS, Sept. 13, 2011 (GLOBE NEWSWIRE) -- Tandy Brands Accessories, Inc. (Nasdaq:TBAC) announced today that it has entered into a multi-year license agreement with Elie Tahari, LTD. to license and market products in its accessories category under the brands Elie Tahari, T Tahari and Tahari. The Company expects to see a positive impact in its accessories business in the second half of calendar year 2012.
"We are excited to be partnering with Elie Tahari, one of the most prestigious and successful designer brands in the fashion business. Elie Tahari is a brand that represents luxury, sophistication and innovation and is a great addition to our accessories category," said Rod McGeachy, Chairman, President and Chief Executive Officer. "This new license agreement is a significant addition for Tandy Brands, helping to further diversify our product offerings and providing us with meaningful growth opportunities in new channels."
"We are delighted to partner with Tandy Brands on this exciting new addition to our accessories collection. Tandy Brands is a leader in the industry and we look forward to a very successful partnership," said Elie Tahari, Chairman.
Under the terms of the license agreement, Tandy Brands will have rights to leverage its expertise in women's belts across all of the Elie Tahari brands. The Company expects the partnership to drive incremental distribution in a number of upper and better department stores as well as in specialty and boutique stores.
About Elie Tahari
Elie Tahari, LTD. is a privately held corporation with a global presence in more than 40 countries and in more than 600 U.S. stores. Elie Tahari has free standing boutiques in New York, East Hampton, Newport Beach, Bal Harbour, Dallas, Las Vegas, Boston, Atlanta and Boca Raton. Elie Tahari has come to define modern sophistication with his inspired collections of understated grace and elegance. To see the latest from the Elie Tahari Collection, please visit www.elietahari.com
About Tandy Brands
Tandy Brands is a leading designer and marketer of branded men's, women's and children's accessories, including belts, gifts and small leather goods. Merchandise is marketed under various national as well as private brand names through all major retail distribution channels.