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Romar Group newest NASCAR licensee.


The Romar Group Inc,, one of the country's largest black-owned apparel company, has received a promotional licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor)


LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n.
 deal from NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. , America's fastest-growing major sports association. Romar (No. 38 on the BE INDUSTRIAL/SERVICE 100 list with $90 million in sales) is now one of few companies granted the right to produce premiums for use by NASCAR's promotional partners and sponsors, Others include Coca-Cola, Budweiser; The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services.

Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box
, McDonald's, and Visa. Don Polk, Romar's 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. , says "We'll produce high-quality apparel and leather goods, gift items, and other specialized items for NASCAR sponsors." The line will include 75 to 100 different items, and Romar plans to produce 1 million to 2 million units within a year, generating up to $25 million in sales. "The apparel line will demonstrate a cross section of urban America and will have a very contemporary, European feel," enthuses Polk.
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Title Annotation:B.E. 100s; National Association for Stock Car Auto Racing
Author:Richardson, Nicole M.
Publication:Black Enterprise
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2004
Words:144
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