April 19, 2010
Randa Luggage, a leading provider of luggage, announced today that they have entered into an exclusive licensing agreement with Jones Apparel Group (NYSE: JNY) for the design, production, sales and marketing of women's luggage under the Anne Klein Luggage brand. The collection will be sold in better department stores and specialty retailer in the U.S., Canada, Mexico and the U.K. beginning in fall 2010. The initial term of the agreement is for 5 years with a provision for further renewal.
“We are pleased to add the Anne Klein name to Randa’s existing portfolio of luggage brands. Anne Klein Luggage will become recognized for functional, sophisticated, quality luggage designed to meet this customer’s lifestyle needs.” stated Terry Tackett, President and CEO, Randa Luggage.
For more than forty years, Anne Klein has been synonymous with American style, creating clothing and accessories that are immediately recognizable for their sophistication, wearability, and most of all, their relevance to modern women’s lives. The Anne Klein brand continues to do more than simply meet woman’s fashion needs; it provides women with a form of self-expression and empowerment.
About Jones Apparel Group, Inc.
Jones Apparel Group, Inc. (www.jonesapparel.com) is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through its chain of specialty retail and value-based stores and through its e-commerce web sites. The Company's nationally recognized brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Robert Rodriguez, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation, women’s footwear under the Dockers® and Dockers® Women brands and infants’, toddlers’ and boys’ footwear (excluding girls’ footwear) under the Dockers® and Dockers® Premium brands, licensed from Levi Strauss & Co., apparel and accessories under the Rachel Roy brand licensed from Rachel Roy IP Company, LLC, and Jessica Simpson jeanswear licensed from VCJS, LLC. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. The Company contracts for the manufacture of its products through a worldwide network of quality manufacturers. The Company has capitalized on its nationally known brand names by entering into various licenses for several of its trademarks, including Jones New York, Anne Klein New York, Nine West, Gloria Vanderbilt, l.e.i. and Evan-Picone, with select manufacturers of women's and men's products which the Company does not manufacture. For more than 30 years, the Company has built a reputation for excellence in product quality and value, and in operational execution.