August 23, 2007
NEW YORK, NY; August 23, 2007 - 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."