Business
Licensing Agreement
Licensing Agreement.
About this update from Sanderson Design Group Plc
[{"type":"text","content":"\n \nRNS Number : 7532D Walker Greenbank PLC 11 July 2016 \n\n\n\n\n\n For immediate release\n\n\n11 July 2016\n\n\n\n\n \n \nWALKER GREENBANK PLC\n(\"Walker Greenbank\" or \"the Company\")\n \nLicensing Agreement to Target US Bedlinen Market \n \n \nWalker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, has signed a licensing agreement with Indo Count Industries Limited (\"Indo Count\"), a textiles company quoted in India, under which Sanderson, Harlequin and Scion bedlinen ranges will be launched in the USA.\n \nThe agreement, which also includes Canada and Mexico, marks Walker Greenbank's first major bedlinen licensing initiative in North America. \n \nIndo Count, which manufactures high quality textiles in India, distributes them directly to the US, where it has strong relationships with major department stores. Under the agreement with Walker Greenbank, it will launch 20 bedlinen sets under the Sanderson, Harlequin and Scion brands in September this year at a trade show in New York.\n \nIndo Count's US operations include a design studio and showroom in New York and a warehouse in Charlotte, North Carolina. In addition to its Indian operations, it has showrooms in Manchester, UK, and Melbourne, Australia. In the UK, it is a key supplier of bedlinen to a number of major retailers.\n \n \nJohn Sach, Walker Greenbank's Chief Executive, commented: \"This exciting licensing agreement with Indo Count represents a significant opportunity for the Sanderson, Harlequin and Scion brands in the US bedlinen market. We look forward to working with Indo Count, which is an established and high quality supplier to major US department stores and retailers. Indo Count's first Walker Greenbank bedlinen ranges will be launched in New York this autumn - the same time that Sperry, the US footwear brand, will be launching its first shoe ranges under its licensing agreement with Sanderson.\"\n \n \nFor further information:\n \n\n\n\n\nWalker Greenbank PLC\n\n\n+44 (0) 844 543 4668\n\n\n\n\nJohn Sach, Chief Executive\nMike Gant, Chief Financial Officer \n\n\n\n\n\n\n\nCaroline Geary, Company Secretary\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInvestec Bank plc\n...