Sequential Brands Group (Nasdaq:SQBG) ("Sequential" or the
"Company"), the owner of the Caribbean Joe® brand, announced today
that it has entered into five new license agreements to expand the
Caribbean Joe brand and extended the terms of three current
partners. With five new partnerships, this brings the total list of
Caribbean Joe licensees to 25.
The new licensees include: Beatrice Home Fashions for hard bath
and pet; Home Fashions International for outdoor decorative
accents; International Home Miami for outdoor furniture; Tervis for
tumblers; and Victoria Classics for utility bedding. International
Home Miami presently has product in the marketplace and the other
four licensees will debut at retail in 2014.
"We are thrilled to add such experienced and innovative
companies to our portfolio. These agreements further validate the
growth opportunities for each of our brands as we expand our
product assortment," said Rick Platt, Group President, Brand
Management, of Sequential. Platt added, "It is an exciting time for
the Caribbean Joe brand. What started as an apparel line has turned
into a full lifestyle brand and with our new focus on home, we feel
confident that we are offering a wide range of exceptional products
to our retail partners."
Platt continued, "These categories are all natural choices for
brand extensions. The new assortments will feature the rich array
of intoxicating colors, one of a kind prints and unique
embellishments that convey the island heritage of the brand. They
will enhance the Caribbean Joe lifestyle collection, providing
additional solutions for each part of the home."
The three licensees who extended their agreements include: First
American Brands for fragrance, and two core apparel partners,
Bernette Textiles for men's sportswear and The Moret Group for
women's sportswear. The Moret Group will also be launching
intimates and sleepwear in 2014.
"With the expanding group of blue-chip licensees, we see huge
growth potential for Caribbean Joe," said Jeff Siskind, President
of Bernette Textiles. "This, along with the continued success of
our partnership with Sequential, encouraged us to lengthen our
current agreement."
Ellen Levy-Ganz, Vice President of Sales for Caribbean Joe
Women's Apparel commented, "Utilizing our experienced production,
creative and sales teams, we have been able to expand our product
assortment and foster strong relationships with key retailers. We
value our partnership with the team at Sequential and are excited
to continue working alongside them to grow this lifestyle
brand."
Caribbean Joe is a lifestyle brand for all seasons. Caribbean
Joe apparel and accessories provides an authentic, relaxed,
inclusive experience under the Caribbean Joe, Caribbean Palms,
Island Winds, Lil' Joe, Jamaica Bay and CJ Breeze trademarks.
Products offered include: women's and men's sportswear; women's and
men's swim; sunglasses; men's and women's fragrances; luggage;
shoes; intimates; loungewear and sleepwear; beach accessories;
outdoor furniture; home textiles; kitchen textiles; beach towels;
skincare and suncare; small leather goods; watches; headwear; and
handbags, in the USA, Canada, Mexico and Japan.
ABOUT SEQUENTIAL BRANDS GROUP, INC.
Sequential Brands Group, Inc. (Nasdaq:SQBG) owns, promotes,
markets, and licenses a portfolio of consumer brands that presently
include William Rast®, People's Liberation®, DVS®, Heelys®,
Caribbean Joe®, Ellen Tracy® and Revo®. 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 June 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
For all licensing inquiries please contact:
Julia Graham, Brand Manager
Sequential Brands Group
646-395-4921
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