Brooks Brothers and Della Valle Group Agree to Open Stores in Europe.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com NEW YORK--(BUSINESS WIRE)--March 27, 2000 Brooks Brothers Brooks Brothers is the oldest surviving men's clothier in the United States, founded in 1818. The privately owned company is owned by Retail Brand Alliance, a spinoff of Luxottica, and is headquartered on Madison Avenue in New York City. announced today that they have signed a letter of intent with the Della Valle Group to open Brooks Brothers' first franchise stores in Europe. The Della Valle Group has the exclusive right to operate stores under the Brooks Brothers name in Italy, Austria and Switzerland and to supply merchandise to appropriate retailers in these countries. The 10-year agreement also grants Della Valle Group access to Brooks Brothers' marketing and advertising materials. The first stores are planned to open in Italy in Spring 2001. Joseph R. Gromek, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brooks Brothers, comments: "Brooks Brothers has undoubted un·doubt·ed adj. Accepted as beyond question; undisputed. See Synonyms at authentic. un·doubt  ed·ly adv. international potential and we
believe that Della Valle Group's retailing and marketing expertise
will further realize that potential. This partnership is another
important step in our international expansion program and builds on our
success in the Far East and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ."
"Brooks Brothers and Della Valle Group share a very similar business philosophy -- a single-minded focus on quality, value and service. This partnership will allow us to mesh these philosophies and build a consistent international brand, while maintaining the brand integrity of Brooks Brothers," added Gromek. The Della Valle Group owns some of the most renowned brands in the luxury goods world, among which is Tod's, and in Europe distributes its products in over 1,000 points of sale and in numerous privately owned stores. "We are pleased to team up with such a prestigious brand, which I am personally very fond of, and to bring real American style, represented by Brooks Brothers and by its long history, to Italy and Europe," said Diego Della Valle, Owner of the Della Valle Group. Founded in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. in 1818, Brooks Brothers currently operates 80 retail and 72 factory stores, a direct mail catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. and e-commerce site in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , as well as 70 retail locations throughout Japan, five in Hong Kong, and two in Taiwan. Brooks Brothers is a wholly-owned subsidiary of Marks & Spencer plc. Brooks Brothers b-roll footage available Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photoblob.sh?pw.032700/bb1 |
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