Jones Apparel, Steven Madden Ink Footwear License Deal

Tag : Designer Footwear
Jones Apparel, Steven Madden Ink Footwear License Deal

Released : Wednesday, August 13, 2008 12:50 AM
August 13, 2008 (FinancialWire) Jones Apparel Group, Inc. (NYSE:JNY) (Current Market Cap: US$1.50 Bil.) said it has signed anexclusive license agreement with Steven Madden, Ltd. (NASDAQ: SHOO)(Current Market Cap: US$450.03 Mil.) to design, manufacture anddistribute a collection of junior and girls footwear under Jonesl.e.i. brand. According to Jones, the collection will bedistributed exclusively to Wal-Mart (NYSE: WMT) stores nationwidebeginning in Spring 2009. New York-based Jones Apparel is adesigner, marketer and wholesaler of branded apparel, footwear andaccessories. The company also markets directly to consumers throughits chain of specialty retail and value-based stores. The company'sbrands include Jones New York, Nine West, Anne Klein, GloriaVanderbilt, Kasper, 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. Jonesalso markets costume jewelry under the Givenchy brand licensed fromGivenchy Corporation, footwear under the Dockers Women brandlicensed from Levi Strauss & Co., and apparel under the RachelRoy brand licensed from Rachel Roy IP Co. Steven Madden designs andmarkets fashion forward footwear and accessories for women, men andchildren. FinancialWire is a fully independent, proprietary newswire service of Investrend Information (a division of InvestrendCommunications, Inc.). FinancialWire news is written byprofessional journalists, dedicated to pure journalistic standards.FinancialWire does not receive or accept any compensation from anyindividual or subject company (or representative thereof) for itsnews or opinions. All FinancialWire news is available athttp://www.financialwire.net . Please address any inquiries tofeedback@financialwire.net . Free annual reports for companiesmentioned in the news are available athttp://investrend.ar.wilink.com/?level=279 .
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