Sequential Brands Group Signs New Partnerships for William Rast Brand
13 Enero 2021 - 7:30AM
Sequential Brands Group, Inc. (Nasdaq:SQBG), the owner of the
William Rast brand, announced today that it has signed new partners
for its women’s and men’s denim business. The Company has partnered
with Omega Apparel to develop a new line of men’s denim and
Millennial Apparel Group for women’s denim.
“We’re excited to create new collections of men and women’s
denim. Since the William Rast brand launched in 2005, it has been
known for delivering quality, fashion forward design and premium
fit. We’re looking forward to the launch later this year and
expanding the brand into additional distribution channels too,”
said Arta Isovski, Senior Vice President of Sequential’s Lifestyle
Division.
“We are very pleased to welcome William Rast as our newest
partner. With our wide range of resources, we are confident that we
can continue to grow William Rast into a meaningful, sustainable,
fashion forward brand for us and our retail customers,” said Freddy
Mamrout, Division Director of Millennial Apparel Group.
The new collections are expected to launch next year and will be
sold at current distribution channels including department stores
with a focus on expanding into new channels as well.
About Millennial Apparel GroupMillennial
Apparel Group is an industry leading apparel manufacturer. A
privately held, family owned company, that was founded on a
simple ideal to provide the highest quality product at the best
value in the market. Their world class talent and ability to
generate trendsetting design, brought to life by their global
manufacturing network and powered by their end to end operation.
With over 80 in-house designers, they have experience and
creativity to design and develop products with the latest
trends.
About Omega ApparelOmega Apparel is one of the
leading, customer driven, specialty importers synonymous with denim
and everyday lifestyle clothing. Founded in 1995, the Company is
independently owned and operated.
About Sequential Brands Group, Inc.Sequential
Brands Group, Inc. (Nasdaq: SQBG) owns, promotes, markets, and
licenses a portfolio of consumer brands in the active and lifestyle
categories, including the William Rast brand. Sequential seeks to
ensure that its brands continue to thrive and grow by employing
strong brand management, and marketing teams. Sequential has
licensed and intends to license its brands in a variety of consumer
categories to retailers, wholesalers and distributors in the United
States and around the world. For more information, please visit
Sequential’s website at: www.sequentialbrandsgroup.com. To inquire
about licensing opportunities, please email:
newbusiness@sbg-ny.com.
Forward-Looking Statements
Certain statements in this press release and oral statements
made from time to time by representatives of the Company are
forward-looking statements ("forward-looking statements") within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are made as of the date
hereof and are based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. The Company's actual results or actual events could
differ materially from those stated or implied in forward-looking
statements. Forward-looking statements include statements
concerning revenue, plans, objectives, goals, strategies,
expectations, intentions, projections, developments, future events,
performance or products, underlying assumptions and other
statements that are not historical in nature, including those that
include the words "subject to," "believes," "anticipates," "plans,"
"expects," "intends," "estimates," "forecasts," "projects," "aims,"
"targets," "may," "will," "should," "can," "future," "seek,"
"could," "predict," the negatives thereof, variations thereon and
similar expressions. Such forward-looking statements reflect the
Company's current views with respect to future events, based on
what the Company believes are reasonable assumptions. Whether
actual results will conform to expectations and predictions is
subject to known and unknown risks and uncertainties, including:
(i) risks and uncertainties discussed in the reports that the
Company has filed with the Securities and Exchange
Commission (the "SEC"); (ii) general economic, market or
business conditions; (iii) continued market acceptance of the
Company's brands; (iv) changes in the Company's competitive
position or competitive actions by other companies; (v) licensees'
ability to fulfill their financial obligations to the Company; (vi)
adverse effects on the Company and its licensees due to natural
disasters, pandemic disease and other unexpected events, including
the COVID-19 pandemic, and (vii) other circumstances beyond the
Company's control. Refer to the section entitled "Risk Factors" set
forth in the Company's Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q for a discussion of important risks,
uncertainties and other factors that may affect the Company's
business, results of operations and financial condition. In
addition, the global economic climate and additional or unforeseen
effects from the COVID-19 pandemic amplify many of the foregoing
risks. The Company's stockholders are urged to consider such risks,
uncertainties and factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking
statements are not, and should not be relied upon as, a guarantee
of future performance or results, nor will they necessarily prove
to be accurate indications of the times at or by which any such
performance or results will be achieved. As a result, actual
outcomes and results may differ materially from those expressed in
forward-looking statements. The Company is not under any obligation
to, and expressly disclaims any such obligation to, update or alter
its forward-looking statements, whether as a result of new
information, future events or otherwise. Readers should understand
that it is not possible to predict or identify all risks and
uncertainties to which the Company may be subject. Consequently,
readers should not consider such disclosures to be a complete
discussion of all potential risks or uncertainties.
Media Contact:
Sequential Brands Group, Inc.
Katherine Nash
T: +1 512-757-2566
E: knash@sbg-ny.com
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