Candie's, Inc. Announces Badgley Mischka Retail License; Beverly Hills and Palm Springs Stores to Open This Year.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Candie's, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CAND) (the "Company") announced today it has entered into a retail license agreement with Pristine Fashion Group ("Pristine Fashion") for its Badgley Mischka Badgley Mischka is an American fashion label designed by Mark Badgley and James Mischka. Badgley & Mischka met at Parsons and found a common vision. The two launched the label Badgley Mischka in 1988, though their bridal business launched in 1993. (R) brand. Pristine Fashion is in the business of operating luxury retail stores and will have the exclusive right to open and operate two California based Badgley Mischka retail stores with the option for a national roll out. The agreement will commence with the redesign and re-opening of the Rodeo Drive Rodeo Drive (IPA: /roʊˈdeɪoʊ/) generally refers to a famous three-block long stretch of boutiques and shops in Beverly Hills, California, United States, although the street stretches further north and south. , Beverly Hills store in July to be followed by the unveiling of a new Palm Springs store in November. Future roll outs may include free-standing retail stores in Las Vegas, Palm Beach, Bal Harbour and 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. . Neil Cole, 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. , Candie's, Inc., commented, "Having beautiful retail stores in these prestigious markets is a wonderful way for us to showcase the glamour and elegance of the Badgley Mischka brand. As we continue our expansion into new categories it will be more important than ever to be able to show our consumers how everything relates together." Mark Badgley and James Mischka, stated, "We are thrilled to have found a partner to re-open our store in Beverly Hills and are very pleased with the long term vision that includes stores in the major key luxury markets across the country." Skender Perolli, Pristine Fashion Group, stated, "Badgley Mischka is one of the most exclusive and glamorous luxury brands in America and will be enthusiastically embraced in these upscale markets." The Company will support the new license agreement by sponsoring a re-opening party for the Beverly Hills store in September. About Candie's, Inc. Candie's, Inc. is in the business of licensing the CANDIE'S(R), BONGO(R) and BADGLEY MISCHKA(R) trademarks on a variety of footwear, apparel and fashion products. Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Brightstar Footwear, Inc., the Company also arranges for the manufacture of footwear products for mass market and discount retailers under the private label brand of the retailer. For investor information please visit the corporate web site at http://www.candiesinc.com. |
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