VANCOUVER, BC, Feb. 22, 2021 /CNW/ - RYU Apparel Inc. (TSXV:
RYU) (OTC: RYPPF) (FWB: RYAA) ("RYU" or the
"Company"), creator of award-winning urban athletic apparel,
is pleased to announce it has successfully shipped product to
Mexico City-based fashion,
athletic apparel and cosmetic distributor Grupo Pavel.
In a milestone agreement that is a key step in the company's
wholesale strategy, Grupo Pavel will
sell RYU's best-in-class sports apparel throughout Mexico. Since 1967, Grupo Pavel has thrived as a leading distributor
of premium cosmetics and apparel in Mexico. RYU will join the company of some of
the world's leading brands, among them Tumi (NYSE: TUMI), Johnston
& Murphy, On Running, Lorna
Jane, Garmin (NASDAQ: GRMN), New Era, and Li-Ning
(HKG:2331).
"Premium sportswear and athleisure represent a strong, growing
market in Mexico, and our team is
very excited to introduce RYU's award-winning clothing, aesthetic,
and brand message to our customers" stated Cesare Fazari, CEO and Chairman of RYU.
"I am honored, on behalf of our entire team, to have the
opportunity to become a partner of RYU and introduce it to our
clients in Mexico" said
Federico Velez Parsons, CEO of
Grupo Pavel. "Mexico is eager to wear and experience new
great brands and RYU reflects our values: we look forward to a
great partnership".
About RYU Apparel
RYU Apparel (TSXV: RYU, OTCQB: RYPPF, FWB: RYAA), or Respect
Your Universe, is an award-winning urban athletic apparel and
accessories brand engineered for the fitness, performance and
lifestyle of the athletic man and woman. Designed without
compromise for fit, comfort, and durability, RYU exists to
facilitate optimal human performance. For more information,
please visit the RYU website at: https://ryu.com
About Grupo Pavel
Grupo Pavel is a leading Mexican
marketer specialized in the marketing of luxury international
brands. Family owned and operated for over 50 years ensures
personal involvement in all aspects of the business and close ties
with our Clients/Distributors on a personal basis.
Special emphasis in the marketing of fashion,
perfumes/fragrances and accessories. Close personal relationships
with top-management and company owners. A multidisciplinary team
dedicated to successfully introduce brands via department stores,
self-service stores, mono-brand free-standing stores to assure
proper market positioning and branding. For more information,
please visit the RYU website
at http://www.pavel.com.mx/en.html
Forward Looking Statements Disclaimer
Neither the TSX Venture Exchange Inc. nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this press release.
This news release contains forward-looking information that
involves various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future
performance of RYU, such as statements that: RYU will sell products
in Europe or the UK, or the market
trends will continue. There are numerous risks and
uncertainties that could cause actual results and RYU's plans and
objectives to differ materially from those expressed in the
forward-looking information, including: (i) adverse market
conditions resulting in the inability of RYU to raise necessary
financing required to enter and make payments under the proposed
definitive agreements; (ii) the inability of RYU to obtain any
necessary approvals in respect of the proposed agreements,
including approvals necessary for the issuance of the RSU's; and
(iii) inability to restructure and transform its business as
required. Actual results and future events could differ materially
from those anticipated in such information. These and all
subsequent written and oral forward-looking statements are based on
estimates and opinions of management on the dates they are made and
are expressly qualified in their entirety by this notice. Except as
required by law, RYU does not intend to update these
forward-looking statements.
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SOURCE RYU Apparel Inc.
