ARLINGTON, Texas - (Business Wire) Tandy Brands Accessories, Inc. (Nasdaq GM:
TBAC) today announced it has signed an agreement with Airwair International Limited and R Griggs Group Limited, the holders of the worldwide license for Dr. Martens, to manufacture and sell a wide range of men
’s, women
’s, young men
’s, and juniors
’ leather accessories under the Dr. Martens
’ brand. Products will include belts, wallets, and bags and will be distributed in the United States and Canada. The Dr. Martens
’ accessories collection will launch in early Spring 2009 with some strategic tests in 2008 holiday season.
J.S.B. Jenkins, Chief Executive Officer, commented, "We are exceptionally pleased and proud to partner with the Dr. Martens organization. This iconic brand is recognized around the world and is closely associated with youth subcultures and music since the 1960’s. A key aspect of our long-term strategy is to secure a strong and diversified base of licenses to extend our sales opportunities and to further our reputation as a market-leading partner for belts and small leather goods. This new partnership serves that goal well and we are excited to capitalize on this initiative.”
David Suddens, Chief Executive Officer of Airwair International Limited, commented, “The launch of a Dr. Martens accessories range in the US market is a major initiative. We are delighted that Tandy has agreed to be our partner. Their vision for the brand and the product matches our own.”
About Tandy Brands Accessories, Inc.
Tandy Brands Accessories, Inc. designs and markets fashion accessories for men, women and children. Key product categories include belts, wallets, suspenders, neckwear, gifts, and sporting goods. Merchandise is sold under various national brand names as well as private labels to all major levels of retail distribution, including the e-commerce web sites for Rolfs® at www.rolfs.net and Sport Beads at www.sport-beads.com.
Safe Harbor Language
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted or expected results. Those risks include, among other things, the competitive environment in the industry in general and in the Company's specific market areas, inflation, changes in costs of goods and services and economic conditions in general and in the Company's specific market area. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission.
Tandy Brands Accessories, Inc.
J.S.B. Jenkins, 817-548-0090
Chief Executive Officer
britt_jenkins@tandybrands.com
or
Investor Relations:
Integrated Corporate Relations
James Palczynski, 203-682-8200
james.palczynski@icrinc.com
