Inspecs Group PLC Appointment of Non-Executive Director (5607M)
12 May 2020 - 4:00PM
UK Regulatory
TIDMSPEC
RNS Number : 5607M
Inspecs Group PLC
12 May 2020
12 May 2020
Inspecs Group plc
("Inspecs" or "the Group")
Appointment of Non-Executive Director
Inspecs Group plc, a designer, manufacturer and distributor of
eyewear frames to global retail chains, is pleased to announce the
appointment of Angela Farrugia to the Board of Inspecs as a
Non-Executive Director, with effect from today.
An award-winning entrepreneur, Angela co-founded TLC (The
Licensing Company Ltd) in 1996, which became one of the largest
licensing companies in the world, creating licensing partnerships
for major global brands and helping to extend their Intellectual
Property into sectors such as food, beverage, clothing and home
furnishing.
Following TLC's acquisition by Global Brands Group Holding
Limited (GBG) in 2014, Angela became Group Managing Director with
responsibility for driving leadership across an organisation with
24 offices around the world.
Angela was named one of the most influential women in the Global
Licensing Industry in 2018. Establishing her own brand consultancy
agency, Brand x Society, in 2019, Angela has used her extensive
brand licensing expertise and experience to advise clients across
the consumer, fashion and retail sectors.
Angela is currently a lecturer at Central Saint Martins in
London.
Lord MacLaurin, Inspecs Group plc Non-Executive Chairman,
said:
"I am delighted that Angela has agreed to join the Board of
Inspecs. She brings a sharp entrepreneurial mind and significant
experience, expertise and knowledge of the global licensing
industry, having worked with some of the most admired brands in the
world.
Angela's appointment also increases the diversity of the Board
in line with good governance practice and I have no doubt that she
will be a great asset to the Group as we build on our successful
track record of working with leading fashion brands to grow their
licensed eyewear offering."
The following information regarding Angela Trudie Farrugia (aged
55) is disclosed under Schedule 2(g) of the AIM Rules for
Companies:
Current Directorships;
BXS Project Ltd
Double Dutch Ltd
Innvotec 3 LLP
Innvotec 6 LLP
There are no other matters which are required to be announced
under Schedule 2(g) of the AIM Rules for Companies.
For further information please contact:
Inspecs Group plc via FTI Consulting
Robin Totterman (CEO) Tel: +44 (0) 20
Chris Kay (CFO) 3727 1000
Peel Hunt (Nominated Adviser and Broker) Tel: +44 (0) 20
Adrian Trimmings 7418 8900
George Sellar
Andrew Clark
Will Bell
FTI Consulting (Financial PR) Tel: +44 (0) 20
Alex Beagley 3727 1000
James Styles
Fern Duncan
Alice Newlyn
About Inspecs Group plc
Inspecs is a designer, manufacturer and distributor of eyewear
frames. The Group produces a broad range of frames, covering
optical, sunglasses and safety, which are either "Branded" (either
under licence or under the Group's own proprietary brands), or
"OEM" (including private label on behalf of retail customers and
un-branded). As one of only a few companies that can offer this
one-stop-shop solution to global retail chains, Inspecs is well
positioned to continue to take market share in the globally
expanding eyewear market.
Inspecs customers include global optical and non-optical
retailers, global distributors and independent opticians, with its
distribution network covering over 80 countries and reaching
approximately 30,000 points of sale. In FY19, the Group generated
24.9 per cent. of its revenue in the UK and 75.1 per cent.
internationally.
Today Inspecs has operations across the globe: with offices in
the UK, Portugal, Scandinavia, the US and China (Hong Kong, Macau
and Shenzhen), and manufacturing facilities in Vietnam, China,
London and more recently, Italy.
The Group's growth strategy going forward is to: (i) continue to
grow organically; (ii) undertake further acquisitions (and drive
value through leveraging the Group's internal capabilities); and
(iii) extend the Group's manufacturing capacity.
More information is available at: https://inspecs.com
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END
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