Kimora Lee Simmons and Kellwood Company Enter into License Agreement with Steven Madden, Ltd. for Fabulosity Branded Shoes and A
August 05 2008 - 10:11AM
PR Newswire (US)
NEW YORK, Aug. 5 /PRNewswire/ -- Kimora Lee Simmons' KLSI and Phat
Fashions, a Kellwood Company, today announced that they have
entered into a new exclusive licensing agreement with Steven
Madden, Ltd. (NASDAQ:SHOO), a leading designer and marketer of
fashion footwear and accessories for women, men and children, for
the design, manufacturing, marketing and distribution of a
collection of footwear and accessories for the Fabulosity brand.
Under the creative direction of Kimora Lee Simmons, the collection
will consist of young women's footwear, handbags, belts, small
leather goods, and cosmetic bags. The collection will be
distributed exclusively to JC Penney retail stores beginning in
early 2009. "I'm thrilled to work with an industry leader such as
Steven Madden, Ltd., to enhance the Fabulosity brand offerings.
Their expertise in footwear and accessories, combined with our
passion for bringing a lifestyle of confidence, beauty and fashion
sense to young women, will undoubtedly produce some incredible
products," states Kimora Lee Simmons. Adds Bernt Ullman, President
of Phat Fashions, "This exclusive agreement provides an outstanding
opportunity to partner with Steven Madden, Ltd. in expanding the
Fabulosity line offering teens and young women fashion forward
merchandise at affordable prices." "We are extremely pleased to add
Fabulosity to our growing portfolio of footwear and accessories
brands," said Edward Rosenfeld, Interim Chief Executive Officer of
Steven Madden, Ltd. "It is gratifying to have creators of brands
such as Fabulosity look to Steven Madden Ltd. to produce footwear
and accessories as they expand their lines. This urban lifestyle
brand expands our footwear and accessories offerings for teens and
young women while further enhancing the Company's market reach.
Importantly, this partnership will also solidify our position in JC
Penney, one of the country's leading retailers." Kimora Lee Simmons
is president of Baby Phat and creative director of Phat Fashions'
Baby Phat, Phat Farm, and KLS Collection brands. Phat Fashions is a
division of Kellwood Company. Over the years, Kimora has inspired a
new generation of consumers with her glamorous, sexy, over-the-top
style. Her influence in the world of fashion is undeniable while
her savvy as a businesswoman has made this former runway model a
worldwide brand phenomenon. Kimora is the only multiethnic woman to
have a successful fashion and media branded empire.
Quintessentially, she is the new establishment. As the instrumental
force behind the brands' creative designs, ad campaign strategies
and marketing concepts, Kimora has taken her astute business acumen
and passion for her work to spearhead numerous brand extension
ventures with companies including E! & Style Networks, Harper
Collins, Mattel, Motorola, Lancaster and Market America which
include books, dolls, bedding, home products, candles, fragrance,
cosmetics, skincare, jewelry and the top rated television series
Kimora: Life in the Fab Lane. About Kellwood Kellwood is a $1
billion leading women's apparel marketer. Specializing in branded
products, the Company markets to all channels of distribution with
products and brands tailored to each specific channel including
Baby Phat(R), Phat Farm(R), Vince(R), Sag Harbor(R), Briggs New
York(R), My Michelle(R), Jolt(R) and Hollywould(R), as well as
licensed brands XOXO(R) and David Meister(R). Kellwood is an
affiliated portfolio company of Sun Capital Partners, Inc. ("Sun
Capital"), a leading private investment firm specializing in
leveraged buyouts and investments in market-leading companies.
About Steven Madden, Ltd. Steven Madden, Ltd. designs and markets
fashion-forward footwear and accessories for women, men and
children. The shoes and accessories are sold through company-owned
retail stores, department stores, apparel and footwear specialty
stores, and online at http://www.stevemadden.com/. The Company has
several licensees for its brands, including for outerwear, cold
weather accessories, eyewear, and hosiery and owns and operates 99
retail stores, including its online store. Through its wholly-owned
subsidiary, Daniel M. Friedman & Associates, the Company is the
licensee for handbags and belts for Betsey Johnson, Daisy Fuentes,
and Tracy Reese. Statements in this press release that are not
statements of historical or current fact constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause the actual results of the Company
to be materially different from the historical results or from any
future results expressed or implied by such forward-looking
statements. In addition to statements which explicitly describe
such risks and uncertainties readers are urged to consider
statements labeled with the terms "believes", "belief", "expects",
"intends", "anticipates" or "plans" to be uncertain and
forward-looking. The forward looking statements contained herein
are also subject generally to other risks and uncertainties that
are described from time to time in the Company's reports and
registration statements filed with the Securities and Exchange
Commission. Contact: Kellwood Company Erin Haggerty 212-329-8059 FD
212-850-5600 Investors: Cara O'Brien/Leigh Parrish Media: Diane
Zappas DATASOURCE: Kellwood Company CONTACT: Erin Haggerty of
Kellwood Company, +1-212-329-8059, ; or Investors, Cara O'Brien or
Leigh Parrish, or media, Diane Zappas, all of FD, +1-212-850-5600
Web site: http://www.kellwood.com/ http://www.stevemadden.com/
Copyright
Steven Madden (NASDAQ:SHOO)
Historical Stock Chart
From Apr 2024 to May 2024
Steven Madden (NASDAQ:SHOO)
Historical Stock Chart
From May 2023 to May 2024