Greg Norman Collection signs Tandy Brands Accessories, Inc. for men's collection accessories.

ARLINGTON, Texas--(BUSINESS WIRE)--March 7, 1996--Greg Norman Collection, a division of Reebok International has entered into a license agreement with Tandy Brands Accessories, Inc. The agreement provides Tandy Brands Accessories, Inc. with the exclusive rights to design, manufacture and market a complete collection of Greg Norman belts and personal leather goods for Fall 1996.

Tandy Brands Accessories, Inc., an international manufacturer and marketer of men's and women's accessory products, is a premier supplier of accessories to major department and specialty retailers throughout the United States and Canada. The recognition of Greg Norman as an international sports figure and the exceptional strength of the Greg Norman logo provide Tandy Brands Accessories, Inc. with excellent marketing leverage for the introduction of men's personal leather goods and belts.

"The Greg Norman Collection has been carefully developed with category and product extensions that are pertinent to our brand and its position in the marketplace," says Richie Woodworth, president of Greg Norman Collection. "It is clear to us that based on our recent success in the marketplace the consumer is seeking and willing to accept more from us as a brand. We view licensing as the logical next step and therefore sought a significant company with like qualities and product standards. Tandy Brands Accessories, Inc. was our clear choice with which to partner, as our strengths compliment each other."

Britt Jenkins, president and CEO of Tandy Brands Accessories, Inc., sees the Greg Norman agreement as further evidence of the company's strategy to broaden its base in better retail distribution. "The Greg Norman deal is a perfect fit for us and we expect that the reaction to the belts and personal leather goods lines will be very strong. The Greg Norman brand is well perceived in the better retail market and we are proud to be affiliated with this first class organization. We anticipate an excellent response to the entire line."

Tandy Brands Accessories will have the rights to manufacture and distribute Greg Norman Collection belts and leather accessories in the United States and Canada. The company will sell department and specialty retail stores through their national sales organization. Showrooms are located in Manhattan, Arlington and Toronto. They will join with the Greg Norman Collection apparel sales organization to sell resort and "green grass" pro shops.

Greg Norman Collection, a division of Reebok International Ltd., is a leading worldwide designer, marketer and distributor of men's sportswear, golf apparel and accessories. Established in 1992, the Greg Norman Collection is inspired by the world's number one golf professional Greg Norman, the man they call "The Shark."

CONTACT: Tandy Brands Accessories, Inc.

J.S.B. Jenkins, 817/548-0090

or

Greg Norman Collection

Christine Ianniello, 212/888-2700