DGAP-News: Sequential Brands Group /
Sequential Brands Group Announces New Initiatives and Expansion Plans
for Ellen Tracy Brand
25.11.2013 / 21:00
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-- New International expansion
-- Extension of key licensing partnerships
-- New category launch
-- 2014 integrated marketing campaign in work
NEW YORK, 2013-11-25 21:00 CET (GLOBE NEWSWIRE) -- Sequential Brands Group
(Nasdaq:SQBG) ('Sequential' or the 'Company'), announced today several
initiatives for its brand Ellen Tracy(r) that include new international
distribution in South Korea, renewed partnerships with three licensees, and a
new category extension. In addition, to mark the 65th year of the brand's
founding next year, a fully integrated marketing campaign is set to launch in
2014 that is expected to add momentum, strengthen visibility and expand the
consumer base, while preserving the brand's timeless heritage.
'This is an exciting time for Ellen Tracy,' said Rick Platt, Group President of
Sequential Brands Group. 'What began as a women's blouse company has evolved to
an offering of over 30 product categories, experiencing 4 years of consecutive
double-digit retail sales growth. Developing brands into full lifestyle
collections by working with blue-chip partners is the core competency of our
business, and the success of Ellen Tracy is a key example of our formula.'
Ellen Tracy launched in South Korea with licensing partner DHOW Enterprise
Company featuring apparel, bags and footwear. Ellen Tracy also has growing
retail distribution in Canada, Europe and certain other parts of Asia.
License agreement extensions for Ellen Tracy were completed recently with G-III
Apparel Group, Ltd. (Nasdaq:GIII) for outerwear and dresses; Palm Beach Beaute
for fragrance; and Concept for watches.
Wayne Miller, COO of G-III commented, 'We have been involved with the Ellen
Tracy brand for many years and believe the timeless heritage and brand
reputation will ensure future growth throughout the world. We are thrilled to
continue our partnership with Sequential and the Ellen Tracy Brand.'
Harold Ickovics, CEO of Palm Beach added, 'Fragrance is a natural fit for the
Ellen Tracy modern woman and we are thrilled to continue to infuse the legacy
and DNA of the Ellen Tracy Brand into our product.'
Separately, a new license was signed with Shason to launch a line of high-end
handmade rugs for Ellen Tracy, debuting at retail in 2014.
Ellen Tracy, established in 1949, is positioned as a women's better fashion
brand. The Ellen Tracy Bronze Label Better Sportswear is sold exclusively at
Macy's and all other product categories continue to be sold at better
department stores as well as Macy's. Ellen Tracy has evolved into a lifestyle
brand known for sophisticated color palettes and signature prints. Existing
licensed categories include better sportswear, footwear, hosiery, eyewear,
handbags, cold weather, coats, dresses, suits, women's fragrances, watches,
women's swimwear, women's activewear, sleepwear, intimate apparel, luggage,
slippers, towels, bath, cosmetic bags, umbrellas and home. For additional
information, visit www.ellentracy.com.
About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. (Nasdaq:SQBG) owns, promotes, markets, and
licenses a portfolio of consumer brands that presently include Ellen Tracy(r),
William Rast(r), People's Liberation(r), DVS(r), Heelys(r), Caribbean Joe(r),
Revo(r) and
The Franklin Mint(r). Sequential seeks to ensure that its brands continue to
thrive and grow by employing strong brand management, design and marketing
teams. Sequential has licensed and intends to license its brands in a variety
of consumer categories to retailers, wholesalers and distributors in the United
States and in certain international territories. For more information, please
visit Sequential's corporate website at: www.sequentialbrandsgroup.com. To
inquire about licensing opportunities, please email: newbusiness@sbg-ny.com.
Forward-Looking Statements
Certain statements in this press release and oral statements made from time to
time by representatives of the Company are forward-looking statements
('forward-looking statements') that involve risks and uncertainties. For this
purpose, any statements contained in this press release that are not statements
of historical fact may be deemed to be forward-looking statements. When used in
this press release and in documents referenced herein, forward-looking
statements include, without limitation, statements regarding our expectations,
beliefs or intentions that are signified by terminology such as 'subject to,'
'believes,' 'anticipates,' 'plans,' 'expects,' 'intends,' 'estimates,' 'may,'
'will,' 'should,' 'can,' the negatives thereof, variations thereon and similar
expressions. Such forward-looking statements reflect the Company's current
views with respect to future events, based on what the Company believes are
reasonable assumptions; however, such statements are subject to certain risks,
uncertainties and other factors. Our actual results may differ materially from
those anticipated in any forward-looking statements due to known and unknown
risks, uncertainties and other factors. The section entitled 'Risk Factors' set
forth in Item 1A of Part I of our Annual Report on Form 10-K for the year ended
December 31, 2012, in Item 1A of Part II of our Quarterly Report on Form 10-Q
for the quarterly period ended September 30, 2013 and in similar discussions in
our other Securities and Exchange Commission filings, discuss some of the
important risks, uncertainties and other factors that may affect our business,
results of operations and financial condition. The Company's stockholders are
urged to consider such risks, uncertainties and factors carefully in evaluating
the forward-looking statements and are cautioned not to place undue reliance on
such forward-looking statements. Forward-looking statements are not, and should
not be relied upon as, a guarantee of future performance or results, nor will
they necessarily prove to be accurate indications of the times at or by which
any such performance or results will be achieved. As a result, actual outcomes
and results may differ materially from those expressed in forward-looking
statements. The Company is under no obligation to, and expressly disclaims any
such obligation to, update or alter its forward-looking statements, whether as
a result of new information, future events or otherwise.
CONTACT: Media Contacts:
Jaime Cassavechia
212-518-4771 x108
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: Sequential Brands Group
United States
ISIN: US8173402012
End of News DGAP News-Service
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241606 25.11.2013
DGAP-News: Sequential Brands Group Announces New Initiatives and Expansion Plans for Ellen Tracy Brand
| Source: EQS Group AG