TANDY BRANDS ACCESSORIES, INC. ANNOUNCES AGREEMENT WITH ACCOLADE, INC.
ARLINGTON, Texas, July 9 /PRNewswire/ -- Tandy Brands Accessories, Inc. (NASDAQ-NMS: TBAC) announced today that it has entered into an agreement with Accolade, Inc. pursuant to which Tandy Brands Accessories will provide limited financing assistance to Accolade. In connection with the financing, Tandy Brands Accessories has acquired an option to purchase certain principal assets of Accolade. Accolade is engaged in, among other things, fashion research and forecasting and markets womenswear and women's accessories. Accolade, Inc., which does business as Always in Style, markets its products primarily through the QVC Network which is a leading national home shopping television channel. J.S.B. Jenkins, president and chief executive officer of Tandy Brands Accessories, Inc., stated that the two company's operations complement each other well and that there is great potential in home shopping television as a new channel of distribution for Tandy Brands Accessories, Inc. Tandy Brands Accessories, Inc. is a manufacturer and marketer of men's, women's and boys' accessories and neckwear. The company's common stock is traded on the NASDAQ National Market System under the symbol of TBAC. -0- 7/9/93 /CONTACT: J.S.B. Jenkins, president, chief executive officer of Tandy Brands Accessories, 817-548-0090/ (TBAC)
CO: Tandy Brands Accessories, Inc.; Accolade, Inc. ST: Texas IN: REA SU: FNC
LR -- NY032 -- 9886 07/09/93 11:48 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 9, 1993|
|Previous Article:||BENSON EYECARE COMPLETES OFFERING OF 3,500,000 SHARES OF COMMON STOCK AT $7.00 PER SHARE; COMPANY COMPLETES ACQUISITION OF THE BONNEAU COMPANIES|
|Next Article:||COMPUTER RESEARCH, INC., REPORTS THIRD-QUARTER PROFIT AND NINE-MONTH LOSS|