PRESS RELEASES
EQUATOR ACCESSORIES - RANDA’S NEW SOUTH AFRICAN AFFILIATE
May 23, 2013
RANDA ACCESSORIES IS THE WORLD'S LARGEST MEN'S ACCESSORIES COMPANY, WITH A STRONG FOCUS ON BELTS, WALLETS, TIES AND GIFTING.
With wholesale sales in excess of R5 billion annually, Randa is considered an innovative, trend-driven market developer and the leader in its field.
For Equator it is the next step in bringing first-class systems, marketing and market knowledge to South Africa for the benefit of its customers. "This is a very exciting development which once again elevates the accessory supply landscape in South Africa to a new level," said Leon Buhr, CEO of Equator, "With a shared customer-centric ethos, it is no surprise that Equator and Randa would eventually explore working together."
The merger offers Equator customers a better deal, Buhr said, "We asked ourselves what this will do for our customers? The answer was obvious. Randa Is allowing us to cherry pick the advantages of merging. For example, where it makes sense price-wise, we will source through their global network, where it doesn't, we will continue as before."
Apart from sourcing advantages, Equator will also gain from staff development, unique IT systems, and access to marketing case studies in the accessories field, and strategic input.
Equator staff already traveled to Italy and the UK in January to learn the technical and design side of the tie business. Further trips are planned for staff in March and April to Chicago and Shanghai to work with experienced teams in various fields.
Randa, with offices in the USA, Canada, Guatemala, the UK, Italy, Australia, and China, has now extended its footprint to Africa by investing in Equator.
Randa Accessories Global CEO, Jeffrey Spiegel, commented from New York, "When we were looking for a leading accessory supplier in SA to link up with, we were pleasantly surprised by what Equator had achieved in just over a decade. From the early days of discussions we felt there were a number of natural synergies that were mutually beneficial."
For example market knowledge. Randa supplies the accessory lines of many well-known US and UK brands, as well as many retailers' own brands. Equator will have access to the trends they are using to develop next season's products, 10-12 months before product is on the high street. In such a competitive trading environment as we have in South Africa, being ahead of what is on the high street by a full season will be of huge value to Equator's customers.
Moreover the global footprint gives Equator access to designs that are best sellers in all leading retail centres of the world, not just Europe.
''We like to think of Randa as our absolute edge for design direction, because we get Involved during the product development stages - not just once product Is already on the high street. On the other hand
Equator's Infrastructure in SA, its intimate knowledge of local retail and the complex market it serves, are of huge value to Randa,” added Romain Orlin, chairman of the newly merged entity.
In addition to the affiliation between Equator and Randa, Equator will absorb Wembley Apparel into its operations. Wembley Apparel, based in Johannesburg and headed by Steven Tooch, has been selling ties on behalf of Randa for several seasons. Tooch will head up Equator's Gauteng Sales office.
This also means that neckwear becomes a third and very significant part of Equator's product offering.
With Randa being the largest independently-held neckwear company in the world, and with a design office in Como, Italy, Equator is immediately positioned with a strong trend, design, and supply base. South African customers of Equator will have the opportunity to interact with Randa's global tie design and marketing teams.
Buhr's parting words, “We are certain that this deal will help us to better deliver on our customer needs; if we didn't believe that, we wouldn't have done it."
While the deal is effective 1 March 2013, teams began operationally merging in mid-December to ensure a smooth kick-off in March.
ABOUT ROMAIN ORLIN
Romain Orlin has been in the clothing and retail industry for over 50 years. Whilst at University he pioneered mail order in South Africa, by starting Kay's Mall Order as an extension to the family clothing store. During that time he also developed the Brentwood trouser brand which became the bestselling trouser in South Africa. He joined Dion Friedland as a director of Dian's and also served as a director at Checkers. When the group was sold to Sanlam he joined Skye Products and introduced the Converse, Brentwood and Dickies brands to the company which became one of the biggest distributors of branded clothing in SA. Apart from serving as Chairman of the board at Equator, Romain is also currently director at Rex Truefonn and Blue Strata.
PRESS RELEASES
JONATHAN ADLER NECKWEAR, IN PARTNERSHIP WITH RANDA ACCESSORIES LAUNCHES AT RETAIL FOR SPRING 2013
April 25, 2013
New York, (April 8, 2013) – Randa Accessories and Jonathan Adler are pleased to announce the new Spring 2013 collection of Made-in-Italy ties, bow ties and pocket squares and the brand’s first ever expansion in menswear, has hit retail at Jonathan Adler stores nationwide and on http://www.jonathanadler.com “I.n my home collection I strive to create a simple classic foundation with a slight twist,” said Adler, “and I think that spirit translates perfectly to men's furnishings. I've always wanted to design a neckwear collection and I am thrilled to partner with Randa."
Inspired by hallmark designs from the Jonathan Adler home collections, signature motifs such as the Greek Key are reworked in color and pattern and featured across ties, bow ties, and pocket squares. Proprietary silk and cotton fabrics derived from home décor fabrics have been reworked into neckwear-fabric weight. Printed ties are hand-screened in a labor-intensive process, onto 100% silk, allowing for fine detail. Bow ties all self-tied for authenticity, feature colors and patterns drawn from Jonathan Adler home items and include distinctive icons such as scooters, squirrels, and pipes with some reversible designs that offer greater styling versatility. Each tie, self-tipped for a luxurious look and feel, includes details such as a signature orange hand pick stitch on the back, and a bar tack wrapped five times for strength and durability.
"I'm obsessed with ties: they're the ultimate punctuation mark to an outfit. I'm thrilled to be bringing my patterns, colors, and icons to the world of neckwear," said Jonathan Adler.
The collection ranges from $69 for a bowtie to $95 for a tie and is available at Jonathan Adler stores nationwide, and on http://www.jonathanadler.com .
About Jonathan Adler
Jonathan Adler is an internationally recognized design and life-style brand offering decorative objects, tabletop collections, bedding, bath accessories, gifts, candles, furniture, rugs, pillows, and lighting. The company prides itself on its ability to combine a serious design philosophy with a colorful sense of optimism. Jonathan Adler brings style, craft and joy to your home. To learn more about, please visit http://www.jonathanadler.com .
About Randa Accessories
Randa Accessories is the world’s largest men’s accessories company. Creating and marketing men's belts, small leather goods, neckwear, luggage, casual bags, jewelry, seasonal footwear, and gifts, Randa collaborates with 75 marquee brands including Levi's, Dockers, Tommy Hilfiger, Kenneth Cole, Geoffrey Beene, Tommy Bahama, Jonathan Adler, Nautica, Timberland, Countess Mara, Guess, and Williamson-Dickies. Randa is the leading global resource for fashion, lifestyle, luxury, and private-branded men’s accessories and in-store merchandise services provided through retailers in all channels of distribution, worldwide. For more information http://www.randa.net .
PRESS RELEASES
Randa Accessories To Move To New Larger Manhattan Headquarters
September 12, 2012
New York City, (September 12, 2012) - Next January, Randa Accessories will move its New York City offices to 417 Fifth Avenue, between 37th and 38th streets. An historic building, the 417 Fifth offices overlook Fifth Avenue and Lord & Taylor with spectacular views of the Empire State Building and the New York Public Library.
Randa has leased the entire top floor of 33,000 square feet. The new offices with 12 foot ceilings, an entrance atrium, central courtyard, and 6 large skylights, will house Randa’s New York City headquarters, a neckwear and leather design center, Trafalgar Luxury Goods, and Swank, Inc. The space will include a video and photo studio, receiving and shipping area with dedicated freight elevators, cafeteria, and unique presentation spaces. MKDA, the renowned New York City based interior architectural design firm who has notably done work for Calvin Klein, H. Stern, Missoni, Oscar de la Renta, and Patek Philippe, has been charged with the design of the space.
“Today this space is merely concrete and glass, with only light to furnish it,” states David J. Katz, Randa’s SVP and Chief Marketing Officer. “In January it will be decorated with the talent and imagination of Randa’s managers. The large interior space combined with an open layout encourages collaboration and provides for a creative and flexible environment for our design driven business.”
This move is one of several recent, major investments that Randa has made for stability, growth and re-invention. Earlier this year Randa acquired Swank, Inc, a $140 million public company and leader in men’s jewelry and leather goods and last month Randa made substantial strategic and financial investments in Accesorios Globales S.A., the largest belt manufacturer in the Western Hemisphere. Randa has invested more than $3 million in infrastructure improvements including an upgrade to the Swank facility in Taunton, MA, product lifecycle management and ERP software, and 3D-printing technology.
About Randa Accessories
Collaborating with 75 leading brands, Randa Accessories designs, manufactures, and markets men's belts, wallets, neckwear, small leather goods, luggage, backpacks, business cases, seasonal footwear, and gifts. From its origins as a neckwear company over a century ago, today Randa is the world’s largest men’s accessories company and provides fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution, worldwide. Randa employs over 4,500 people at 22 offices in 11 Countries. Randa brands include: Levi's, Dockers, Columbia Sportswear, Williamson-Dickies, Geoffrey Beene, Tommy Bahama, Jonathan Adler, Countess Mara, and Ben Sherman. Randa recently completed its acquisition of Swank, Inc. a wholesaler of men's accessories under brands including Tommy Hilfiger, Guess, Kenneth Cole, Nautica, and Tumi.
PRESS RELEASES
Randa Accessories Invests in Future Growth, Leather Belt Factory
September 06, 2012
FOR IMMEDIATE RELEASE Randa Accessories Invests in Future Growth, Leather Belt Factory
New York City and Guatemala City, (August 7, 2012) - RANDA Accessories has become a partner in TATA, a manufacturer of high-quality dress and casual belts, located in Guatemala.
"This partnership adds an important link to our growing supply chain," states Ed Turner, Randa's Senior Vice President of Leather Merchandising, "providing Randa and Tata customers with a complete end-to-end solution for men's leather goods, and an additional competitive advantage." Turner added, "This investment enhances not only our source of supply but also our breadth of design, trend analysis and global customer access."
According to Rodrigo Toledo, President of TATA, "This partnership with Randa provides Tata with more working capital for growth and greater access to clients, brands and global retailers." He added, "We are now partners in Randa's globally integrated design, manufacturing, quality assurance, logistics, fulfillment, planning, marketing, and in-store merchandising solution."
Randa's Chief Marketing Officer, David J. Katz added, “Randa will sell over 20 million belts in 2012 and a strong uninterrupted global supply chain with great speed-to-market is essential to our business. This investment enhances our concept-to-consumer quality and efficiency."
About Randa Accessories
Collaborating with 75 leading brands, Randa Accessories designs, manufactures, and markets men's belts, wallets, neckwear, small leather goods, luggage, backpacks, business cases, seasonal footwear, and gifts. From its origins as a neckwear company over a century ago, today Randa is the world’s largest men’s accessories company and provides fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution, worldwide. Randa brands include: Levi's, Dockers, Columbia Sportswear, Williamson-Dickies, Geoffrey Beene, Tommy Bahama, Jonathan Adler, Countess Mara, and Ben Sherman. Randa recently completed its acquisition of Swank, Inc. a wholesaler of men's accessories under brands including Tommy Hilfiger, Guess, Kenneth Cole, Nautica, and Tumi. More information is available at http://www.randa.net .
About TATA
Tata is the business name for Accesorios Globales S.A.; the company was founded in 1984 by Jose Toledo to export Guatemalan leather goods. Tata factories produce high-quality fashion accessories, in large volume, with rapid deliveries, from a convenient location, and with little, or no, customs duties. Tata is the largest manufacturer of belts in the Western Hemisphere and customers include major retailers, importers, and global brands. Located 13 miles south of Guatemala City, Tata's factories currently occupy more than 100 thousand square feet and use modern Italian machinery to produce 8 million units of high quality belts annually. Tata was voted the "Best Exporter of the Year - Carlos Jose Castillo Award" in 2006. More information is available at http://www.tata.com.gt.
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For Press or Trade Information
Please contact:
The Office of Chief Marketing Officer in New York City
David Katz
T. 212-768-8800
PRESS RELEASES
Randa Accessories Completes Its Acquisition Of Swank
May 17, 2012
NEW YORK, NEW YORK, May 17, 2012: Randa Accessories Leather Goods LLC, a leading manufacturer, distributor and marketer of lifestyle accessories, has completed its acquisition of Swank, Inc. (OTC: SNKI), a leading designer and marketer of men’s and women’s belts and men’s leather accessories, jewelry and suspenders. The purchase price was $10.00 a share, or total consideration of approximately $57.3 million.
Swank will continue to operate as a wholly-owned subsidiary of Randa, led by John Tulin, Swank’s Chairman and Chief Executive Officer. Mr. Tulin will report to Jeffrey 0. Spiegel, Randa’s Chief Executive Officer.
Jeffrey Spiegel stated, “We are very pleased that Swank is joining our family of companies. The strategic benefits of this combination are clear and we are happy to have provided terms that were financially attractive for Swank’s stockholders. Randa continues to invest in the future of our company, our associates, and our retail and brand partners. This acquisition provides additional classifications, points-of-sale, brands, and scale to our growing business.”
John Tulin said, “I am pleased to announce the closing of the transaction, as it has delivered to our stockholders significant value and a substantial cash premium for their shares. We look forward to a long and mutually rewarding relationship with the Randa team.”
Swank’s stockholders who hold stock certificates will receive letters of transmittal with instructions for sending in their shares to American Stock Transfer & Trust Company, as paying agent, to receive the $10.00 per share merger consideration. The exchange of shares held by stockholders who hold shares in “street name” through a bank, broker or other nominee should be handled through the bank, broker or other nominee.
Financo, Inc. was the financial advisor to Swank and Troutman Sanders LLP served as legal advisor to Swank in connection with this transaction. Peter J. Solomon Company was Randa’s financial advisor and Olshan Grundman Frome Rosenzweig & Wolosky LLP served as legal advisor to Randa in connection with the transaction.
About Randa
Randa Accessories is the global leader in lifestyle accessories and the world’s largest men’s accessories company. Collaborating with 75 leading brands, and 18,000 points-of-sale, Randa designs, manufactures, and markets men’s belts, wallets, neckwear, small leather goods, luggage, backpacks, business cases, seasonal footwear, and gifts. From its origins as a neckwear company over a century ago, Randa now provides fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution, worldwide. More information is available at http://www.randa.net.
About Swank, Inc.
Swank is engaged in the importation, sale and distribution of men’s and women’s belts and men’s leather accessories, suspenders, and jewelry. Swank distributes its products to retail outlets throughout the United States and in numerous foreign countries. These products are distributed under the names “Kenneth Cole”, “Tommy Hilfiger”, “Nautica”, “Geoffrey Beene”, “Guess?”, “Tumi”, “Buffalo David Bitton”, “Chaps”, “Donald Trump”, “Pierre Cardin”, “US Polo Association”, and “Swank”. Swank also distributes men’s jewelry and leather items to retailers under private labels.
Forward Looking Statements
Note: This press release may contain forward-looking statements that are being made pursuant to the Private Securities Litigation Reform Act of 1995, which provides a “safe harbor” for forward-looking statements to encourage companies to provide prospective information so long as those statements are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those discussed in the statement. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance or achievements to differ materially from those described or implied in the forward-looking statements, including, but not limited to, general economic and business conditions; competition in the accessories markets, potential changes in customer spending; acceptance of product offerings and designs; the variability of consumer spending resulting from changes in domestic economic activity; any significant variations between actual amounts and the amounts estimated for those matters identified as critical accounting estimates, as well as other significant accounting estimates made in the preparation of financial statements; as well as geopolitical concerns. Accordingly, actual results may differ materially from such forward-looking statements. You are urged to consider all such factors. Swank and Randa assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.
PRESS RELEASES
Congratulations Randa New Orleans!
March 06, 2012
"Randa Accessories New Orleans is proud to be recognized for the second time in 3 years as a 2011 New Orleans City Business Best Places to Work large company.
Hundreds of area companies are evaluated annually from all types of industries including Hospitals, Law Firms, Marketing & Advertising companies, Software companies... just to name a few. We want to thank all of our associates for making this possible." Randy Kennedy
PRESS RELEASES
Randa and Jonathan Adler Partner On Neckwear Collection
February 03, 2012
New York, (February 3, 2012) - Randa Accessories announced that they have entered into an exclusive licensing agreement to produce Jonathan Adler men's neckwear in the U.S., Canada, Mexico, and the U.K, as part of a new partnership between the men’s accessories company and J.A. Licensing, LLC.
“Jonathan Adler is an important addition to our brand portfolio.” stated David Katz, SVP and Chief Marketing Officer, Randa Accessories. “We are excited about this fresh collaboration. The ties will be bold, contemporary, beautifully designed and wearable for all.”
"My neckwear will reflect my design aesthetic--chic and classique with a dash of eccentricity.” stated Jonathan Adler. In my home collection I strive to create a simple classic foundation with a slight twist and I think that spirit translates perfectly to men's furnishings. I've always wanted to design a neckwear collection and I am thrilled to partner with Randa."
The new Jonathan Adler collection will be available at 16 company operated Jonathan Adler retail stores, www.jonathanadler.com and at better department and specialty stores Fall 2012.
About Jonathan Adler
Jonathan Adler is an internationally recognized design and life-style brand offering decorative objects, tabletop collections, bedding, bath accessories, gifts, candles, furniture, rugs, pillows, and lighting. The company prides itself on its ability to combine a serious design philosophy with a colorful sense of optimism. Jonathan Adler brings style, craft and joy to your home. To learn more about, please visit www.jonathanadler.com.
About Randa Accessories
Randa Accessories is the global leader in lifestyle accessories and the world’s largest men’s accessories company. Collaborating with 75 leading brands, Randa designs, reinvents, manufactures, and markets men’s belts, wallets, neckwear, small leather goods, luggage, backpacks, business cases, seasonal footwear, and gifts. From its origins as a neckwear company over a century ago, Randa now provides fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution, worldwide.
PRESS RELEASES
Swank, Inc. Agrees To Be Acquired By Randa
February 03, 2012
NEW YORK, NEW YORK, February 3, 2012: Swank, Inc. (OTC: SNKI), a leading designer and marketer of men’s and women’s belts and men's leather accessories, jewelry and suspenders, and Randa Accessories Leather Goods LLC, a leading manufacturer, distributor and marketer of lifestyle accessories, jointly announced that they have entered into a definitive merger agreement pursuant to which Randa will acquire Swank for $10.00 a share, or total consideration of approximately $57.5 million.
The merger consideration represents a 111% percent premium over the closing bid price of Swank’s common stock as quoted on the website of OTC Markets Group on February 2, 2012.
John Tulin, Chairman of the Board and Chief Executive Officer of Swank, said “I am pleased to announce this agreement, as it will deliver to our stockholders significant value and the certainty of a substantial cash premium for their shares. Today’s announcement is the result of a lengthy process in which Swank's Board of Directors, working with senior management and with our financial and legal advisors, have thoroughly reviewed and considered Randa’s interest in Swank. Our Board of Directors has unanimously approved this transaction and believes it is in the best interests of our stockholders, customers and employees.”
Jeffrey Spiegel, Chief Executive Officer of Randa, added, “We are very pleased that Swank, a leader in the men's and women’s accessories industry with a strong reputation for exceptional quality, reliability and customer service, is joining our family. The strategic benefits of this combination are clear and we are pleased to be able to move forward on terms that are financially attractive for Swank’s stockholders.”
The acquisition, which is subject to approval by Swank’s stockholders as well as other customary closing conditions, is expected to close in the second quarter of 2012. Randa intends to fund the acquisition with a combination of existing cash and the proceeds of a committed revolving credit facility from JPMorgan Chase Bank.
Under the terms of the merger agreement, Swank may solicit and encourage alternative acquisition proposals from third parties for a 35-day “go-shop” period continuing through March 9, 2012. The merger agreement provides Randa with a customary right to match a superior proposal. Swank does not anticipate it will disclose any developments with regard to this process unless Swank’s Board of Directors makes a decision with respect to a potential superior proposal. There is no guarantee that this process will result in a superior proposal.
For the protection and benefit of participants in the employee stock ownership plan component of The New Swank, Inc. Retirement Plan, Reliance Trust Company has been appointed to serve as independent fiduciary and independent trustee of the employee stock ownership plan component of the Retirement Plan. Stout Risius Ross, Inc. is acting as the financial advisor to Reliance Trust Company and Bryan Cave LLP is acting as Reliance Trust Company’s legal advisor.
Financo, Inc. is acting as financial advisor to Swank and has provided a fairness opinion in connection with the transaction to the Board of Directors of Swank. Troutman Sanders LLP is serving as legal advisor to Swank in connection with this transaction. Peter J. Solomon Company is Randa’s financial advisor and Olshan Grundman Frome Rosenzweig & Wolosky LLP is serving as legal advisor to Randa in connection with the transaction.
About Swank, Inc.
Swank is engaged in the importation, sale and distribution of men’s and women’s belts and men’s leather accessories, suspenders, and jewelry. Swank distributes its products to retail outlets throughout the United States and in numerous foreign countries. These products are distributed under the names “Kenneth Cole”, “Tommy Hilfiger”, “Nautica”, “Geoffrey Beene”, “Guess?”, “Tumi”, “Buffalo David Bitton”, “Chaps”, “Donald Trump”, “Pierre Cardin”, “US Polo Association”, and “Swank”. Swank also distributes men's jewelry and leather items to retailers under private labels.
About Randa
Randa Accessories is the global leader in lifestyle accessories and the world's largest men's accessories company. Collaborating with 75 leading brands, Randa designs, innovates, manufactures, and markets men's belts, wallets, neckwear, small leather goods, luggage, backpacks, business cases, seasonal footwear, and gifts. From its origins as a neckwear company over a century ago, Randa now provides fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution, worldwide.
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THIS PRESS RELEASE CONTAINS ONLY A BRIEF DESCRIPTION OF THE PROPOSED TRANSACTION. IT IS NOT A REQUEST FOR OR SOLICITATION OF A PROXY OR AN OFFER TO ACQUIRE ANY SHARES OF THE COMMON STOCK OF SWANK. IN CONNECTION WITH THE PROPOSED ACQUISITION, SWANK INTENDS TO FILE A PROXY STATEMENT ON SCHEDULE 14A AND OTHER RELEVANT MATERIALS WITH THE SECURITIES AND EXCHANGE COMMISSION, OR SEC. STOCKHOLDERS OF SWANK ARE URGED TO READ SWANK’S PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. A DEFINITIVE PROXY STATEMENT WILL BE SENT TO SWANK’S STOCKHOLDERS SEEKING THEIR APPROVAL OF THE PROPOSED TRANSACTION. SWANK’S STOCKHOLDERS WILL BE ABLE TO OBTAIN THESE DOCUMENTS (WHEN AVAILABLE) FREE OF CHARGE AT THE SEC’S WEB SITE, http://WWW.SEC.GOV IN AD.DITION, THEY MAY OBTAIN FREE COPIES OF THESE BY CONTACTING SWANK’S SECRETARY, JEROLD R. KASSNER, AT 656 JOSEPH WARNER BOULEVARD, TAUNTON, MASSACHUSETTS 02780, TELEPHONE: (508) 977-4453. SWANK’S STOCKHOLDERS ALSO MAY READ AND COPY ANY REPORTS, STATEMENTS AND OTHER INFORMATION FILED WITH THE SEC AT THE SEC PUBLIC REFERENCE ROOM AT 100 F STREET, N.E., WASHINGTON, D.C. 20549. PLEASE CALL THE SEC AT 1-800-SEC-0330 OR VISIT THE SEC’S WEBSITE FOR FURTHER INFORMATION ON ITS PUBLIC REFERENCE ROOM.
SWANK, ITS DIRECTORS AND EXECUTIVE OFFICERS MAY BE DEEMED TO BE PARTICIPANTS IN THE FORTHCOMING SOLICITATION OF PROXIES FROM THE HOLDERS OF SWANK COMMON STOCK IN CONNECTION WITH THE PROPOSED TRANSACTION. A LIST OF THE NAMES AND OTHER INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF SWANK IS AVAILABLE IN SWANK’S ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2010, FILED WITH THE SEC ON MARCH 31, 2011, AMENDMENT NO. 1 ON FORM 10-K/A, FILED WITH THE SEC ON MAY 13, 2011, AND SWANK’S DEFINITIVE PROXY STATEMENT FOR ITS 2011 ANNUAL MEETING OF STOCKHOLDERS FILED WITH THE SEC ON JULY 15, 2011. ADDITIONAL INFORMATION REGARDING THE INTERESTS OF SUCH POTENTIAL PARTICIPANTS WILL BE INCLUDED IN THE PROXY STATEMENT AND THE OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE.
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Forward Looking Statements
Note: This press release may contain forward-looking statements that are being made pursuant to the Private Securities Litigation Reform Act of 1995, which provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information so long as those statements are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those discussed in the statement. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance or achievements to differ materially from those described or implied in the forward-looking statements, including, but not limited to, general economic and business conditions; competition in the accessories markets, potential changes in customer spending; acceptance of product offerings and designs; the variability of consumer spending resulting from changes in domestic economic activity; any significant variations between actual amounts and the amounts estimated for those matters identified as critical accounting estimates, as well as other significant accounting estimates made in the preparation of financial statements; as well as geopolitical concerns. Accordingly, actual results may differ materially from such forward-looking statements. You are urged to consider all such factors. Any forward-looking statements relating to the transaction discussed above are based on our current expectations, assumptions, estimates and projections and involve significant risks and uncertainties, including the many variables that may impact or are related to consummation of the transaction, SEC regulatory review of our filings related to the transaction, the continuing determination of Swank’s Board of Directors that the transaction is in the best interests of all stockholders; and the results of the go-shop period and whether any additional acquisition proposals or superior proposals are made. Swank and Randa assume no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.
PRESS RELEASES
X-cellent New XGEAR gifts in store now
November 23, 2011
XGEAR has launched its X-tremely X-citing new collection of gifts, tools and cold weather accessories for Holiday 2012. XGEAR products are sold in fine stores everywhere including JC Penney and Kohl’s. X-cellent.
PRESS RELEASES
Weatherproof® 32° Heat now on the floor at Macy’s
November 22, 2011
New York (October 15, 2011): Weatherproof® 32° Heat slippers have hit Macy's stores just time for the holiday season. The slippers feature a Thinsulate lining for constant warmth, memory foam cushioned insole, and non-skid indoor/outdoor sole. Slippers come in two classic styles in black and navy.
PRESS RELEASES
Signature by Levi Strauss & Co. Signs Agreement with Randa Accessories
August 11, 2011
Signature by Levi'sSignature by Levi Strauss & Co.T has announced a new licensing agreement with Randa Accessories to manufacture, market, distribute and sell men's belts, wallets, personal leather goods, gifts, backpacks and bags in the United States. The new collection will be sold in mass market retailers starting with the Fall 2009 season.
"Randa is pleased to enter into another important strategic alliance with Levi Strauss & Company," states David J. Katz, Senior Vice President and Chief Marketing Officer of Randa Accessories. "Signature by Levi Strauss & Co.T builds on our legacy of successful brands from the LS & Co. portfolio joining Levi's, Red Tab and Dockers. It is an important addition to our portfolio and an integral part of our marketing strategy. Signature by Levi Strauss & Co.T will represent high-quality, fashionable leather accessories and bags at affordable prices to consumers who shop at value-focused stores."
Founded in 1853 by Bavarian immigrant Levi Strauss, Levi Strauss & Co. is one of the world's largest brand-name apparel marketers with sales in more than 110 countries. There is no other company with a comparable global presence in the jeans and casual pants markets. LS & Co. market-leading apparel products are sold under the Levi's®, Dockers® and Levi Strauss Signature® brands. For more information, visit http://www.signaturebylevistrauss.com/us/default.asp.
Randa is the leading manufacturer, distributor and marketer of lifestyle accessories including belts, wallets, neckwear, small leather goods, luggage, casual bags, business cases, and gifts for men, women and children. Randa also provides in-store services and training for industry-leading clients.
From its origin as a neckwear company over seventy years ago, Randa now sells fashion, luxury, and private branded products to major retailers in all channels of distribution. The company's products are sold in more than 10,000 stores worldwide.
PRESS RELEASES
Timberland and Randa Luggage Announce Licensing Agreement
January 13, 2011
STRATHAM, NH, (January 10, 2011) —The Timberland Company (NYSE: TBL) and Randa Luggage have announced an exclusive licensing agreement under which Randa will drive the expansion of Timberland® backpacks and luggage in the United States, Canada, Mexico and the United Kingdom.
“We’re proud to have Randa as our new licensee partner for backpacks and luggage,” said Tim Diaz, Timberland’s Vice President of Accessories and Licensing. “Their reputation as a leader in this segment will help us achieve our goal of becoming the reference brand for innovative and sustainable outdoor products.”
From its origin as a neckwear company 100 years ago, Randa now provides a wide range of fashion, lifestyle, luxury and private-branded products. A leader in manufacturing, distributing and marketing luggage, casual bags, backpacks and business cases, Randa currently distributes brands including Tommy Bahama, Nautica, Diane von Furstenberg, Perry Ellis, Chaps and Liz Claiborne. In addition to a rich heritage in the accessories industry, Randa boasts leading-edge style, design, materials and function.
“Design, innovation and premium materials are only part of what makes Timberland an important outdoor brand,” states Terry Tackett, President & CEO of Randa Luggage. “Randa is thrilled to add Timberland to our stable of leading brands, and to extend Timberland into the luggage marketplace.”
Randa, in collaboration with Timberland, will be responsible for strategy, design, manufacturing, and distribution of Timberland® packs and travel gear starting Fall 2011.
About Timberland
Timberland (NYSE: TBL) is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. Timberland markets products under the Timberland®, Timberland PRO®, Mountain Athletics®, SmartWool®, Timberland Boot Company® and howies® brands, all of which offer quality workmanship and detailing and are built to withstand the elements of nature. The company’s products can be found in leading department and specialty stores as well as Timberland® retail stores throughout North America, Europe, Asia, Latin America, South America, South Africa and the Middle East. Timberland’s dedication to making quality products is matched by the company’s commitment to “doing well and doing good" -- forging powerful partnerships among employees, consumers and service partners to transform the communities in which they live and work.
To learn more about Timberland, please visit www.timberland.com.
PRESS RELEASES
It’s an Open and Shut Case - Randa Luggage UK and Ted Baker Sign Exclusive Licensing Agreement
September 09, 2010
Ted Baker and Randa Luggage UK, a leading provider of luggage in the United Kingdom, announced today that they have entered into an exclusive licensing agreement for the design, production, sales and marketing of Ted Baker luggage. “It was an open and shut case,” says Ricky Green, of Ted Baker. “We knew we wanted Randa to make our luggage.” Their Neckwear and Leather Accessories Division have been working with us on Men’s Ties and Belts for many years, so their luggage is exactly what our customers need to carry their Ted Baker clothes and accessories.”
David J Katz, Randa SVP & Chief Marketing Officer, states "We have had the pleasure of working with Ted Baker on Neckwear and other products in the UK for many years. Ted Baker Luggage is a welcome addition to our portfolio of lifestyle brands and represents a unique and much needed statement in travel goods."
From the beginning Ted has had a very clear, unswerving, focus on quality, attention-to-detail and quirky sense of humor. From offering a free dry cleaning service with his shirts to tins of chocolate bunny hot pot at Easter and gyrating reindeer in his stores’ windows at Christmas, the brand most definitely is ‘No Ordinary Designer Label’. Everything produced under the Ted Baker name has Ted’s personality woven into its very heart.
The collection will be sold in better department stores and specialty retailers throughout the United Kingdom commencing spring of 2011.
PRESS RELEASES
Chicago Mayor Honors Randa Accessories for One Hundred Years
June 11, 2010
Photograph of Alderman Burke Issuing Proclamation to Herbert Spiegel
On April 26, 2010 Chicago Mayor Richard Daley, along with Alderman Edward Burke and the Chicago City Council, issued a city-wide proclamation honoring Randa Accessories’ Chairman Herbert Spiegel. Randa is the largest men’s accessories company in the world.
The proclamation was issued by Mr. Burke in front of an enthusiastic crowd over more than 250 managers from Randa’s offices, local Chicago dignitaries and the press.
Among other facts in the proclamation it was highlighted that Randa has sold over one billion men’s ties, enough to “lasso the moon.”
From it’s humble origins as a family neckwear business in 1910, one century later Randa employs more than 3,000 associates on five continents, selling neckwear, belts, wallets, luggage, gifts and in-store merchandising services, under 60 prestigious brands, through more than 10,000 points of sale, worldwide.
Randa previewed a video to commemorate the event. The video is now available on YouTube by searching “Randa Accessories.”
Randa grew and prospered by leveraging its strong heritage to grow organically and via strategic acquisitions and global expansion. Firmly entrenched as the largest privately held neckwear business in the world, Randa leveraged its skills and financing to diversify into the men’s leather goods business with the acquisition of Humphrey’s Leather Goods and Trafalgar Leather Goods, becoming the largest belt, wallet and small leather goods supplier in the United States. Randa integrated these companies into Randa Leather Goods based in Chicago, Illinois.
In response to the rapidly expanding global economy, Randa established sales and distribution businesses in the United Kingdom, Canada, Mexico, South Africa, and Australia.
Ever consolidating and growing retailers required vendors that could manage the entire supply and purchase chain, from quality assurance through point-of-sale packaging and fixtures. Randa added these competencies, and more. In order to provide extraordinary presentation of products on a store level, Randa acquired MCG: Market Connect Group and built it into the largest department store merchandising company in the country. Today through its 2,500 employees, MCG provides replenishment, demonstration and brand services for many major vendors and retailers in the home, women’s, men’s and accessories industries, in addition to providing Randa with another competitive advantage.
Diversification continued with Randa’s acquisition of a luggage company, quickly positioned as America’s prominent luggage and travel goods supplier. Today, Randa Luggage is based in a new facility in Bloomfield, New Jersey with a custom built logistics center in Reno, NV.
Randa’s extraordinary design, sourcing, packaging and service skills positioned the company to excel at licensing and brand management. Today, Randa produces products under brands including Geoffrey Beene, Dockers, Levi’s, Perry Ellis, Nautica, Tommy Bahama, Diane von Furstenberg, Ben Sherman, Chaps, Columbia Sportswear, Dickies, Liz Claiborne, Marc Ecko, Pierre Cardin, Weatherproof, Anne Klein and many others.
During its April conference Randa announced plans to grow to $1 billion by 2025 and to reinvent its business, and the men’s accessories industry, in the process.
View Video Below
PRESS RELEASES
Tommy Bahama Signs with Randa Accessories for Small Leather Goods
February 11, 2010
Tommy Bahama, the upscale lifestyle brand that captures the essence of luxury island living, has announced a new licensing agreement with Randa Accessories to manufacture, market, distribute, and sell men’s belts, wallets, gifts, personal travel accessories and small leather goods in the United States, Canada and the United Kingdom. This agreement is effective immediately.
Since 2006, Randa has been the licensed to manufacture, market and distribute Tommy Bahama luggage in the United States and Canada. These latest classifications extend the brand into men’s accessories and leather goods that seamlessly fit into the casual, relaxed, yet elegant Tommy Bahama lifestyle.
“Randa truly has an understanding of Tommy Bahama and a proven track record with the brand,” says Doug Wood, President & COO of Tommy Bahama. “We are very confident that the market will respond well to these new additions.”
The new Tommy Bahama accessories collections will be available at Tommy Bahama’s retail locations across the country, online at tommybahama.com and at better department and specialty stores this Spring.
“We are thrilled to have the Tommy Bahama leather licenses” said Mary Rice, President and CEO of Trafalgar Leather Goods, the Randa division that will distribute Tommy Bahama leather goods. “This agreement enables us to offer the loyal Tommy Bahama customer beautifully designed high quality accessories that accentuate their Tommy Bahama apparel.”
About Tommy Bahama
Tommy Bahama is owned by the Tommy Bahama Group, a wholly owned subsidiary of Oxford Industries, Inc. (NYSE:OXM). Established in August 1992, with corporate headquarters in Seattle, Tommy Bahama is a lifestyle company that defines elegant tropical living with men’s and women’s sportswear, denim, swimwear, accessories and a complete home furnishings collection. Tommy Bahama is available at the country’s finest retailers, including Nordstrom, as well as high profile resort locations around the world. There are over eighty Tommy Bahama’s retail locations across the country. Additional stores will be opening this year. For more information, please visit www.tommybahama.com.
PRESS RELEASES
Randa Accessories supports relief efforts for Haitian families
January 17, 2010
The disaster in Haiti has touched us all, and as fellow humans and global citizens we feel compelled to support the relief efforts in every way possible. Therefore Randa, on behalf of all our associates, will be taking immediate action by providing a financial contribution of $10,000 and product contributions including flashlights and multi-tools via our 37 year partnership with Save the Children. This donation is dedicated to their extraordinary relief efforts in Haiti.
Save the Children has identified up to 2 million children affected by the Haiti earthquake. A Save the Children emergency response team successfully reached Haiti Thursday and worked quickly with staff already on the ground to organize the distribution of tents, medicine, and toiletries to children and families in desperate need.
"Save the Children is extremely concerned about the well-being of children in Haiti at this critical moment and we are doing everything we can to quickly get relief supplies to those who need it most," said Charles MacCormack, President and CEO of Save the Children. "Our staff on the ground is pulling out all the stops to overcome hurdles like blocked roads and unreliable access to the airport."
Save the Children is the leading, independent organization that creates lasting change for children in need in the United States and around the world. Save the Children USA is a member of the International Save the Children Alliance, a global network of 29 independent Save the Children organizations working to ensure the well-being and protection of children in more than 120 countries.
Should you wish to make an additional personal donation, or for further information, please visit www.savethechildren.org, or call 1-800-728-3843. You may donate $10 by texting “SAVE” to 20222.
PRESS RELEASES
Weatherproof Luggage from Randa Accessories Headed for 2010 Climate
January 13, 2010
Randa Accessories and Weatherproof® announced today a new licensing agreement to produce and distribute Weatherproof® branded luggage, leather goods, travel accessories, and gift items in the United States, Canada and the United Kingdom. The first Weatherproof® luggage collections will be sold in department stores and specialty retailers commencing Fall 2010.
“Weatherproof® is a relevant and very special brand.” states David J. Katz, Chief Marketing Officer and Senior Vice President of Randa. “Materials innovation, weather proofing, and engineering are only one part of the extraordinary equation. The Weatherproof® marketing program, from Al Roker to President Obama, not only resonates with consumers but evokes persuasive mental images of luggage, accessories and gifts that are not only needed, but that are truly desired. Randa is thrilled to add Weatherproof® to our lifestyle brand portfolio.”
“We are extremely pleased to add Weatherproof® to our portfolio,” states Terry Tackett, President and CEO of Randa Luggage. “In alignment with its outerwear strategies, Weatherproof® is the perfect vehicle to introduce technologically advanced luggage, accessories and gifts using water resistant materials and special hardware.”
“The exponential growth of the Weatherproof® brand can be attributed to three factors: quality, price/value and great marketing. We look forward to increasing our brand awareness by partnering with Randa,” says Freddie Stollmack, president of Weatherproof®.
Weatherproof’s innovative approach to outerwear has made it a major player in European-inspired designs, microfiber technology and water-resistant fabrics. Weatherproof products are sold at department stores including Macy's and Nordstrom and specialty stores throughout the country. The scope of the brand ranges from accessories such as gloves, hats, bags and travel accessories to shirts and ties as well as sportswear, activewear, rainwear, footwear and loungewear.
Randa is licensed to produce and distribute Weatherproof luggage, travel accessories, belts, wallets, and gift items in the United States, Canada and the United Kingdom.
PRESS RELEASES
Randa Voted One of the Best Places to Work
January 12, 2010
New Orleans City Business Best Places to Work
New Orleans City Business Voted Randa one of the top 35 large companies to work for in the City Honorees are chosen based on a questionnaire of benefits offered, including average salary, health care, paid time off and employee programs, coupled with an online survey of employees.
PRESS RELEASES
Randa Accessories Opens Reno Nevada Distribution Center
October 13, 2009
Randa Nevada Distribution CenterRanda Accessories opened a new Reno, Nevada distribution center, shipping 420,000 units of belts, wallets, neckwear and luggage during its first week of operation.
The new facility joins Randa’s other North American distribution centers in New Orleans, LA and Totowa NJ and Mississauga, Ontario. Randa now has the capacity to ship over 5 million units per month from more than ½ million square feet of state-of-the-art and eco-friendly fulfillment space.
Randy Kennedy, SVP of Operations, “Randa has earned and maintained one of the highest performance records for fulfillment of any company in our industry. We continue to get solid A report cards for all major retail partners and this new facility will only add to this impressive record of customer-centric support and performance. Randa products are where they need to be - on time, every time.”
David J. Katz, SVP & Chief Marketing Officer, “Extraordinary operations are one part of the integrated solutions we provide to our customers; other components include innovative products, highly desired brands, influential designs, powerful packaging, laser-sharp sales analysis and planning, persuasive advertising and marketing, and 2,500 in-store merchandisers. Our customers expect exceptional results from us and we consistently exceed their expectations.”
Randa Accessories is the leading manufacturer, distributor and marketer of lifestyle accessories including belts, wallets, neckwear, small leather goods, luggage, casual bags, business cases, and gifts. Randa also provides in-store services and training for industry-leading clients. Visit http://www.randa.net . for further details.
PRESS RELEASES
Market Connect Group Aligns with “My Macy’s”
June 01, 2009
Macy's recently announced the need for enhanced, localized, in-store merchandising and regional management and has identified the need to expand upon customer-centric localization initiatives, such as its "My Macy's" program.
According to the company's Chairman and CEO Terry Lundgren, Macy's is "moving quickly and decisively to expand this model to all of our markets so we can pursue sales-driving opportunities." Mr. Lundgren further justified the expansion of the program by noting "of the company's top 15 best-performing geographic markets in December, 13 were My Macy's pilot districts."
The Macy's restructuring will require top vendors to work directly with 69 Macy's districts grouped into 8 regions. In support of this initiative, America's leading in-store merchandising company MCG Market Connect Group has aligned an experienced district manager to each of these Macy's districts and regions, both geographically and procedurally. MCG provides fully integrated in-store service to the top 500 Macy's doors weekly and provides full coverage of all doors as required.
Click here to view brochure
MCG provides detailed in-store merchandising services for department stores bringing products from the stock rooms to the selling floor, setting up and refilling point-of-sale fixtures, updating and maintaining signage and price tickets. The company also trains in-store retail associates regarding their client's brands and products, manages and executes special events and consumer demonstrations in stores. MCG photographs product presentations and supplies market "intelligence" data. Further, MCG provides retail data, scheduling and information in 24/7 real-time via web images and data feeds.
The supply chain may be a journey of 20,000 miles, but it all comes down to the final few feet. This is where MCG makes the difference - getting the product on the store fixture and then ultimately to the cash register. With a nationwide network of 2,500 in-store merchandising professionals, MCG has provided greater than 2 million hours of in-store service with America's leading retailers - over 1 million hours at Macy's, JCPenney and Kohl's alone.
MCG's vendor client list includes: Keurig, Timex, Vera Wang, Ben Sherman, Betsey Johnson, Columbia Sportswear, Diane Von Furstenberg, Dockers, Escada, Givenchy, Levi's, Nautica, Oscar De La Renta, Tommy Hilfiger, Zegna, and Kenneth Cole. Testimonials are available on the MCG web site.
MCG retail clients include: Macy's, JCPenney, Kohl's, Bed Bath & Beyond, and many more top retailers
PRESS RELEASES
Randa Adds to Power Portfolio with Columbia License
May 06, 2009
Columbia SportswearRanda Accessories announced today a new licensing agreement with Columbia Sportswear Company to manufacture, market, distribute and sell luggage in the United States, Canada and the United Kingdom. The first Columbia luggage collections will be sold in department stores and outdoor specialty retailers commencing fall 2009.
"We are extremely pleased to expand upon the already sizable and successful Randa relationship with Columbia Sportswear with the addition of functional luggage for active travelers," states Terry Tackett, president and CEO of Randa Luggage. "This powerful brand is the perfect vehicle to introduce exciting outdoor, active products to department stores while elevating the travel products available to outdoor specialty stores."
Columbia Sportswear Company is a global leader in the design, sourcing, marketing and distribution of active outdoor apparel, footwear and accessories with an international reputation for quality, performance, functionality and value. The company manages a portfolio of outdoor brands including Columbia Sportswear, Mountain Hardwear, Sorel, Montrail and Pacific Trail. The company's products are currently distributed in more than 100 countries.
Randa Luggage is the leading manufacturer, distributor and marketer of luggage, casual bags, backpacks, and business cases for men and women. Randa sells unsurpassed fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution and may be purchased in over 5,000 stores. The company's prestigious licensed and proprietary brand portfolio includes Tommy Bahama, Nautica, Diane von Furstenberg, Perry Ellis, Levi's, Chaps, Liz Claiborne, Pierre Cardin and Travel Gear. http://www.randaluggage.com
Randa products lead their classification in style, design, materials, and function. Through extraordinary sourcing, planning, packaging and distribution, these products are found wherever, whenever and however consumers choose to shop. Randa Luggage is a division of Randa Accessories.
PRESS RELEASES
Trafalgar Extends Affordable Luxury Position to Neckwear
April 30, 2009
Trafalgar continuing its commitment to growth in the affordable luxury sector, The Trafalgar Company has announced that Mark Pendleton has joined the company as vice president of neckwear design.
Pendleton will report to Trafalgar President Mary Rice. "Mark's new Trafalgar neckwear collection will begin shipping to fine stores this fall. Mark's reputation for unique designs created with the finest European silks, carefully handcrafted in the US, as well as his creation of a custom tipping program have earned Mark the respect and accreditation throughout the industry as a truly talented designer."
Additionally, Trafalgar will offer bow ties and an extensive selection of pocket squares in all silk, silk and cotton, linen and cashmere. The collection will be priced at the "luxury sweet spot; aspirational, yet affordable to all."
Mark received his early training in fashion at Hart, Schaffner & Marx. He was a buyer for HS&M and John Wanamaker where he established his expertise in Men's fashion specializing in neckwear. Later he was Vice President of Carter & Holmes, a neckwear design and manufacturing firm headquartered in Chicago. In 1984 Mark started his own firm, M. Pendleton Company, Inc. where he designed and sold fine neckwear to major department and specialty stores under his eponymous label "Mark Pendleton", and exclusive private labels.
About Trafalgar: Spanning more than three decades and defined by an unparalleled reputation of elegance and craftsmanship, Trafalgar's classically designed menswear accessories can be found in finer stores the world over. From the legendary line of Limited Edition woven silk braces to refined belts, leather goods and neckwear; the Trafalgar name ensures the wearer the absolute standard of excellence. Trafalgar products are found in fine stores including Nordstrom's, Neiman Marcus, Saks Fifth Avenue, Barney's, and fine men's specialty stores.
PRESS RELEASES
Marc Ecko Latest Addition to Randa Accessories Portfolio
March 03, 2009
Marc Ecko Latest Addition to Randa AccessoriesMarc Ecko Enterprises has announced a new licensing agreement with Randa Accessories to manufacture, market, distribute and sell Marc Ecko Cut & Sew and Ecko Unltd. men's belts, wallets, personal leather goods and neckwear in the United States. The new collection will be sold in department and specialty stores, launching fall 2009.
"Ecko Unltd and Marc Ecko Cut & Sew join Randa's Original Penguin, Ben Sherman and Levi's licenses to provide a compelling and robust young men's portfolio. These new brands enhance Randa's strategy to be the dominant supplier for lifestyle accessories in every major market and segment," states David J. Katz, Senior Vice President and Chief Marketing Officer of Randa Accessories.
Marc Ecko Enterprises (MEE) is a full-scale global fashion and lifestyle company. MEE reported sales of over $1.5B in 2007 and has 1,300 employees worldwide. Domestically more than 5,000 department and specialty stores carry MEE brands. Over the past 15 years, the group of companies that comprise Marc Ecko Enterprises (MEE) has grown to include: Ecko Unltd., the leading young men's brand; Marc Ecko Cut & Sew, a contemporary menswear line; Zoo York, a line of action sports-inspired clothing and accessories; Complex Media, inclusive of Complex Magazine (circulation of 340,000); ecko red juniors apparel; Avirex, a mid-tier sportswear brand; and Marc Ecko Entertainment, a videogame development and production company.
Launched in 2004, the Marc Ecko Cut & Sew collection combines classic tailoring with bold graphics and subtle embellishments. It was designed for those who want to start dressing a little more seriously but still maintain their youthful edge. The line includes blazers, woven shirts, and premium denim, all of it pulled off with just the right amount of swagger. Marc Ecko Cut & Sew is sold in specialty and high-end retail stores, both domestically and internationally.
Since 1993 Ecko Unltd. has been the leading face of global youth culture. Rhinos roam the world on the backs of Ecko Unltd.'s forward thinking consumers and its diverse brands are omnipresent in visual representations of nextgeneration culture - from music videos and television programs to catwalks, action sports, and video games. The "world famous rhino brand" has expanded to include outerwear, footwear, watches, hats, bags, a junior's line and more. Ecko Unltd. products are available in over 5,000 stores domestically and in over 45 countries worldwide as well as through 70 of the brand's own retail stores across the country.
PRESS RELEASES
Randa Accessories Integrates Luggage Division
December 14, 2008
Randa LuggageIn January 2007, Randa Accessories acquired Badanco Luggage, one of America’s largest luggage and travel accessories companies, with prestigious brands including Nautica, Polo Ralph Lauren, Tommy Bahama, Diane von Furstenberg, Liz Claiborne, Donald J. Trump and CHAPS.
Today Randa announced the completion of several initiatives to complete the integration of Badanco Luggage into Randa Accessories.
Badanco Luggage has been re-branded “Randa Luggage” leveraging the competencies and relationships of other Randa divisions, and advancing the position of Randa as the leader in lifestyle accessories.
Terry Tackett has been promoted to president and CEO of Randa Luggage. Tackett previously served as senior vice president of sales at Randa Leather Goods and joined Randa via the acquisition of Humphrey’s Leather Goods in 2001. He led Randa Leather Goods to a greater than 50% increase in sales over the past 6 years. Peter Corritori, president and CEO of Badanco for the past two years, will leave Randa Luggage to to pursue an opportunity outside of the industry. Randa Leather SVP Mary Rice will assume Tackett’s sales responsibilities.
Randa Luggage has created a sourcing and compliance office in Hangzhou, China and opened its first International sales office in London, U.K.. Paul Nimmo, former sales director for Samsonite Luggage, has been named sales director of this division.
“Luggage,” states Randa Chief Marketing Officer, David J. Katz “is a lifestyle accessory, not a commodity, and therefore a perfect fit in Randa’s accessories strategy. To Randa and its partners, fashion, status and lifestyle-oriented luggage is less of a “once in a lifetime” gift received for graduation or a wedding present… and much more an impulse purchase chosen because it looks great, makes you feel fashionable, fits your lifestyle and brand preference, and has new features that make travel easier. These factors yield luggage which is purchased more frequently and appeals to a larger marketplace.”
Katz continues, “The full integration of Badanco into the Randa Accessories structure provides for more synergy between our divisions, the optimization of core competencies, and best practices in compliance, product development, sourcing, account support, in-store merchandising, and trend analysis. Randa welcomes Terry Tackett to our luggage division with our full support and absolute confidence in continued growth and success. We also wish the best to Peter in his future endeavors.”
Randa Accessories is the leading manufacturer, distributor and marketer of lifestyle accessories including belts, wallets, neckwear, small leather goods, luggage, casual bags, business cases, and gifts. Randa also provides in-store services and training for industry-leading clients.
From its origin as a neckwear company over seventy years ago, Randa now sells best-in-class fashion, lifestyle, luxury, and private branded products to major retailers in all channels of distribution.
PRESS RELEASES
Randa Acquires License for Hathaway and Lady Hathaway
December 08, 2008
Randa Acquires License for Hathaway and Lady Hathaway Oxford Industries announced today a licensing agreement for Hathaway and Lady Hathaway with Randa Accessories, the leader in lifestyle accessories to develop, market, and distribute a series of leather goods, gifts, neckwear, casual bags, men's jewelry, and luggage in the United States. The launch of these new collections for Hathaway and Lady Hathaway marks a significant extension of one of the most recognized names in America during the 1990's and whose roots trace back to the 1800's.
Randa is pleased to enter into another important partnership with Oxford Industries. This deal presents a tremendous opportunity to help extend this substantial lifestyle brand into additional classifications. Hathaway and Lady Hathaway are important additions to our portfolio and we look forward to continuing our strong alliance with Oxford.
About Oxford Industries, Inc.
Oxford Industries, Inc. is a producer and marketer of branded and private label apparel for men, women and children. Oxford provides retailers and consumers with a wide variety of apparel products and services to suit their individual needs. Oxford's brands include Tommy Bahama®, Indigo Palms®, Island Soft®, Ben Sherman®, Arnold Brant®, Ely & Walker® and Oxford Golf®. The Company also holds exclusive licenses to produce and sell certain product categories under the Tommy Hilfiger®, Nautica®, Geoffrey Beene®, Dockers® and Oscar de la Renta® labels. Oxford's wholesale customers are found in every major channel of distribution, including national chains, specialty catalogs, mass merchants, department stores, specialty stores and Internet retailers. Oxford's stock has traded on the NYSE since 1964 under the symbol OXM.
PRESS RELEASES
Nautica’s Clamshell Duffel
October 01, 2008
Nautica's Clamshell Duffel BagNautica's Clamshell Duffel - A Little Clam with a Big Story
One of the best things in life not only comes in a small package, but pops open into an innovative duffel versatile enough for travel and everyday living. Introducing, Nautica’s Clamshell Duffel. It starts zipped closed as an easy to store clamshell but, don’t be fooled by its modest appearance. Once unzipped, it opens up into a 21” fully expandable bold duffel.
Nautica’s Clamshell Duffel’s revolutionary design features molded siding soft to the touch, yet hard enough to protect contents. The clamshell’s innovative durable fabric comes with fully lined interiors and embossed Nautica logos on side panels. With convenient outer and inner zippered compartments, it is easy to store many of life’s necessities. Zip it up and throw it in your suitcase or car as a back-up duffel bag for your purchases or gear.
“The Nautica clamshell duffel was inspired by durable, compact and lightweight materials originally developed for nautical applications. Using hi-tech materials innovation we created unique molded end-pods that not only offer a high degree of protection for the duffel contents, but are an ultra-lightweight shell that hides the duffel completely when not in use,” states David J. Katz, Randa’s SVP and Chief Marketing Officer. “This new product is the perfect holiday gift; unique, beautifully crafted, incredibly useful and very affordable.”
The Nautica Clamshell Duffel has U.S. patents pending and is available at fine department stores, including Macy’s and Nautica.com.
Randa Accessories is the leading manufacturer, distributor and marketer of lifestyle accessories including luggage, belts, wallets, neckwear, small leather goods, casual bags, business cases and gifts for men, women and children. Randa also provides in-store services and training for industry-leading clients. Randa products lead their classification in style, design, materials and function. Through extraordinary sourcing, planning, packaging and distribution, these products are found wherever, whenever and however consumers choose to shop. For more information, please visit our News page.
Founded in 1983, Nautica® is a leading global lifestyle brand with products ranging from men’s, women’s and children’s apparel and accessories to a complete home collection. Nautica® products are styled in timeless design and premium quality that enhance our consumer’s energetic lifestyle yet recognize their desire for balance. In 2003, the Company was acquired by VF Corporation a world leader in branded apparel including jeanswear, sportswear, outdoor products and workwear.
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Randa Partners with Perry Ellis International
August 01, 2008
Perry Ellis International (NASDAQ: PERY), announced today that its affiliated company, PEI Licensing, Inc. (collectively “Perry Ellis” or the “Company”) has entered into five new licensing agreements with Randa Accessories to design, manufacture and distribute neckwear for the U.S. market under the Perry Ellis™, Perry Ellis Portfolio®, Original Penguin by Munsingwear®, Tricots St. Raphael™, Axist® and John Henry® brands.
In addition, the Company also announced that it has entered into another licensing agreement with Randa Luggage to design, manufacture and distribute men’s, women’s and children’s luggage for the U.S. and Canadian markets under the Perry Ellis™ and Perry Ellis Portfolio™ brands.
Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International, said: “Randa Accessories and Randa Luggage are leaders in the neckwear and luggage markets and the right partners to interpret each of the lifestyles represented by Perry Ellis, Original Penguin, Tricots St. Raphael, Axist and John Henry. We are extremely excited about the potential of these agreements and we look forward to working together with Randa on a successful launch.”
Perry Ellis and Perry Ellis Portfolio neckwear and luggage products will be available in specialty and major department stores such as Macy’s. Meanwhile, Original Penguin by Munsingwear and Tricots St. Raphael will be available in better department stores such as Saks Fifth Avenue, Bloomingdale’s and Nordstrom. Finally, John Henry will be distributed at mid-tier department stores such as Stage Stores and Mervyn’s, while Axist is available exclusively at Kohl’s. Neckwear will be available at retail in Fall 2008. Luggage products will be available at retail in Fall of 2009.
“This is a major strategic alliance for Randa Accessories,” said David Katz, Senior Vice President and Chief Marketing Officer. “These are all outstanding brands that resonate strongly with the consumer at their respective channels of distribution. We will work closely together with Perry Ellis International to bring to the market great products that interpret the lifestyle of each brand.”
PRESS RELEASES
Ike Behar licences Trafalgar for leather accessories
June 02, 2008
Ike BeharAlready well known for luxurious men’s furnishings and sportswear, Ike Behar is broadening the scope of his design sensibility with the signing of a new licensing agreement in the accessories category. The Trafalgar Leather Goods division of Randa Accessories will manufacture and market the Ike Behar collection of leather belts, business cases, personal travel accessories and small leather goods for men.
The first Ike Behar leather accessories collection will begin selling for fall 2009 delivery, scheduled to arrive in stores on April 25, 2009.
In keeping with Behar’s philosophy of superb quality and unmatched craftsmanship, the accessories will be made from the finest Italian leathers and exotic crocodile and ostrich skins with retail prices opening at $125 and ranging to more than $1,000. A novel feature of the collection will be luxury, made-to-measure products that will allow consumers to select from exclusive and unique skins and one-of-a-kind buckles.
From custom tailoring in pre-revolutionary Cuba to the globally distributed, multifaceted apparel business now based in Florida, for more than four decades, Ike Behar’s commitment to exceptional workmanship and world-class quality has led to his products being sold at many of the world’s most prestigious retailers.
“Ike Behar was founded by my father and mother 50 years ago as the premier American dress shirt brand,” says Alan Behar, president of Ike Behar. “This new association with Trafalgar completes our evolution into the premier American dress furnishings brand.”
In addition to producing sportswear and licensed jeanswear and boy’s wear collections, Behar also has furnishings licensing agreements with Insignia Design Group for neckwear and Isaco for underwear, hosiery and loungewear.
“Randa is pleased to enter into this strategic alliance with Ike Behar,” stated David J. Katz, Senior Vice President and Chief Marketing Officer of Randa Accessories. “The brand is in perfect alignment with our luxury goods strategy and is an important addition to our brand portfolio.”
Randa Accessories is the leading manufacturer, distributor and marketer of lifestyle accessories including belts, wallets, small leather goods, neckwear, luggage, casual bags, business cases and gifts including luxury, licensed and private branded products.
PRESS RELEASES
Randa Acquires Ben Sherman License in the US
May 02, 2008
With the recent acquisition of the Ben Sherman neckwear license for the United States, Randa Accessories has announced today the long-anticipated first shipment of ties, projected to begin delivering in time for spring. Randa also holds the Ben Sherman license in the United Kingdom and Australia for neckwear; and Australia for belts and leather goods.
The debut of the Ben Sherman neckwear line this month will be as edgy as the brand’s rock and roll history – designs sporting the iconic plectrum logo at every turn. Although the products are not expected to be available to the general public until the end of this week; over the past few months the new ties have been highly publicized both in the menswear industry and in the celebrity community. Selections from the new line have been previewed everywhere from music festival gift lounges and high-end celebrity fashion spreads to Bravo TV’s “Make Me a Supermodel” Show – meeting an overwhelming buzz of excitement and approval. The neckwear will launch in two collections – Ben Sherman Black and Orange, which will be sold at Macy’s; and SOHO by Ben Sherman which will be sold at Nordstrom’s.
Paul McAdam, Ben Sherman’s North American Division President released this statement: “Ben Sherman is pleased to be partnering with Randa for the design and distribution of our neckwear products in the United States market. The Autumn 08 collection is very strong and we are confident that Randa will continue to deliver exciting and innovative products over the coming seasons. The directional neckwear collection has great synergy with our tailored clothing and dress shirt offer. The reaction to all of these products from our customer base has been excellent.”
Randa Accessories Senior Vice President and Chief Marketing Officer, David J. Katz: “Randa is pleased to acquire the Ben Sherman license for the US market. It is an excellent strategic addition to our powerful brand portfolio. With the brand’s great reception in Europe and Australia, expanding the neckwear line on a more global level was a natural step. We look forward to continuing our long standing relationship with Ben Sherman and working together to ensure the success of this line.”
PRESS RELEASES
Randa Receives Partners in Progress Award 2007
April 01, 2008
For the second year in a row, Randa Accessories is proud to be the recipient of the Sears Partners in Progress Award for 2007. Started more than 20 years ago, the Partners in Progress program recognizes suppliers that make significant contributions to the growth of the Sears business and better ways to serve Sears’ customers. This is the fifth time that Randa has received this award. Randa Canda President, David Chivers, released this statement. “Randa’s relationship with Sears Canada is a valued partnership. Providing high quality products, exceptional service, and best-in-class supply and operational efficiency is an integral part to Randa’s business. We thank Sears Canada for this recognition and we look forward to continuing our long standing relationship.”
This year, the award ceremony will be held at the Marriott Eaton Centre in Toronto, Canada
PRESS RELEASES
Randa’s National Sales Meeting in New Orleans
January 01, 2008
Randa's National Sales MeetingRanda Accessories, the leader in lifestyle accessories, and the 2006 New Orleans City Business Newspaper’s #10 “Top 100 New Orleans Private Companies,” is made its biennial trek down to the great state of Louisiana for the company’s National Sales Meeting. The city saw an influx of 200 plus eager sales, merchandising, and marketing associates who will join the company’s 300 local associates for the three day conference.
In 1996, Randa Accessories purchased WEMCO, a New Orleans based company very active in the community since 1926. Under the Randa umbrella, the New Orleans office located at 200 James Drive East, was established as headquarters for the entire Randa Corporation under the watchful eye of Randy Kennedy, Senior Vice President, Nola Distribution and Operations. In recent years, Randa has grown dramatically showing no sign of slowing down. The company most recently acquired Badanco Luggage (now Randa Luggage) in 2007, adding a whole new classification and the natural “third leg” to their accessories business.
Since the inception of the NOLA headquarters, Randa has held six National Sales Meetings in New Orleans over the last 10 years, where the company’s biennial return seems to be becoming tradition. This year during the course of the meeting, Randa Accessories arranged for their associates to take in the sights, sounds, and especially tastes of “The Big Easy” by preparing a number of outings to local haunts for team bonding dinners and larger company events.
Senior Vice President and Chief Marketing Officer, David J. Katz commented, “The New Orleans community is very important to Randa Accessories. We look forward to this event because it allows us the opportunity to give back to the city and the businesses that are so much a part of our employees’ lives. We would like to thank the city for its generous hospitality and we hope to continue the New Orleans NSM tradition in the future.”
PRESS RELEASES
Save the Children in Theory and Practice
September 27, 2007
On September 6th 2007, humanitarian leaders, national and international policymakers - among them President George H.W. Bush came out to the Avery Fisher Hall and The Tent at Lincoln Center in New York City to take a stand in making sure the well-being of children is a top priority on the world forum agenda. Among these political leaders, a number of celebrities including Julianne Moore, Drew Carey, and Christopher Plummer also walked the red carpet while Samuel L. Jackson acted as master of ceremonies. This marks the 75th Anniversary of The Save the Children Organization, a not for profit organization geared towards creating real and lasting change for children in need in the United States and around the world.
The anniversary benefit this year in particular embodied the true meaning of philanthropic support with many of the attending celebrities and public political figures wearing the organization’s own line of Save the Children neckwear (of which the profits go towards benefiting various programs within the organization.) The ties are inspired by designs from children around the world whose lives have been touched by the Save the Children organization.
"Some people wear their heart on their sleeve... wearing your heart around your neck is more effective at showing the alignment of your belief and your actions. Randa is pleased to help in the creation and distribution of Save the Children neckwear and appreciates the support of President Bush, Melinda Gates and so many others that support this worthy cause." David J. Katz, Senior Vice President and Chief Marketing Officer - Randa Accessories.
PRESS RELEASES
Randa Acquires Nautica License
August 27, 2007
Nautica Nautica Apparel, Inc., a subsidiary of VF Sportswear, Inc., a division of VF Corporation (NYSE: VFC) has announced a new four year licensing agreement with Badanco Enterprises, Inc to manufacture, market, distribute and sell luggage in the United States and Canada. The new collection, consisting of men’s, women’s and children’s hard-side and soft-side luggage, luggage ensembles and collections, suitcases, wheeled bags, weekend bags, garment bags, carriers, trunks, travel duffels, sports bags, computer cases, business cases, briefcases, backpacks and messengers bags, will be sold in major department stores and home and luggage specialty stores starting with the Spring 2008 season.
“We are pleased to have Badanco Enterprises, Inc., a leader in the luggage category, as our new partner,” said Denise V. Seegal, President and CEO of VF Sportswear, Inc. “Travel and the feeling of freedom associated with it are at the core of the Nautica® brand. We are confident that Badanco is the right partner for us and look forward to a mutually successful business together.”
“Badanco is pleased to enter into this important strategic alliance with Nautica®,” states Peter Corritori, President and CEO of Badanco Luggage. “The brand is in perfect alignment with the growing segment of active lifestyle consumers who prefer premium products when they travel. Nautica® is an important addition to our portfolio and an integral part of our marketing strategy.”
Founded in 1983, Nautica® is a leading global lifestyle brand with products ranging from men’s, women’s and children’s apparel and accessories to a complete home collection. Nautica® products are styled in timeless design and premium quality that enhance our consumer’s energetic lifestyle yet recognize their desire for balance. In 2003, the Company was acquired by VF Corporation a world leader in branded apparel including jeanswear, sportswear, outdoor products and workwear. Its principal brands include Lee®, Wrangler®, John Varvatos®, Jansport®, Eastpak®, The North Face®, Vans®, Napapijri®, Kipling® and Reef®.
PRESS RELEASES
Partners in Progress Award
July 20, 2007
Partners in Progress Award Randa receives Partners in Progress Award from Sears Canada. Started more than 20 years ago, the Partners in Progress program recognizes suppliers that make significant contributions to the growth of the Sears business and better ways to serve Sears' customers. This award, "celebrates a shared vision of outstanding service, innovation, and superior quality service," states Dene Rogers, President and CEO of Sears Canada. These prestigious awards are presented annually to a select group of supplier companies that have provided Sears, Roebuck and Co. with exceptional customer-driven products, quality services, and innovative marketing. This year, more than 10,000 sources competed for this award. Randa's aggressive acquisition of accessory brands and classifications have resulted in significant sales gains and earned Randa the honor of this award. Randa's initiatives have also contributed to growth in Sears' revenues, profits, share of customer wallet, and inventory effectiveness. After 10 years, Randa continues to be a valued partner with Sears Canada.
