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Nautica Enterprises, Inc. Announces Joint Venture For European Launch

NEW YORK, Oct. 2 /PRNewswire/ -- Nautica Enterprises, Inc. (Nasdaq: NAUT) announced today that the company has entered a joint venture with Financo Global Marketing, LLC to market and distribute Nautica men's sportswear throughout Europe. The launch collection will be for the Fall '97 season and will target 75 of the top specialty and department stores in the European market.

The joint venture will operate under the name, "Nautica Europe" and will be headed by J. Michael Haight, in a newly created position of president and chief executive officer. Previously, Haight had been with Polo Ralph Lauren and the Donna Karan companies.

Harvey Sanders, chairman and chief executive officer of Nautica Enterprises said, "Consistent with our corporate strategy to build Nautica into a global brand, the European market provides a tremendous opportunity for continued growth of our international business."

Nautica Enterprises is a leading men's apparel company offering a total collection of sportswear, activewear and outerwear.

SOURCE Nautica Enterprises, Inc.
 -0- 10/2/96

/CONTACT: Robert Wolf of Anne Taylor Davis Communications, 212-841-8561/


CO: Nautica Enterprises, Inc.; Financo Global Marketing, LLC ST: New York IN: REA SU: JVN

SR-MS -- NYW098 -- 7622 10/02/96 17:42 EDT
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Publication:PR Newswire
Date:Oct 2, 1996
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