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Thursday, March 25, 2010 9:25:07 AM
One can't read this without KNOWING this is destined for the big leagues: http://www.marketwatch.com/story/industry-leaders-join-lyric-jeans-advisory-council-2010-03-22?reflink=MW_news_stmp
1) Bloomingdale' and Nordstum - has their stamp of approval which alone pronounces "SUCCESS!" -- these set the standard for the rest of the fashion industry!
2) "Lyric" concept: Check out the products... cool concepts... embedding pop culture... like Fossil, this is going to be way beyond clothes-fashion (you know that's on the drawing board!)!
3) Moderately priced market: "The company also introduced its moderately priced diffusion brands LYRIX and Lyric Generation into the marketplace at Target and Hot Topic."
4) Add influential "advisors":-- Trent Maclean is a well respected retail and apparel industry veteran. With over 25 years experience in the business, he acted as President of Liz Claiborne Canada, President of Seven for All Mankind Jeans and Paige Premium Denim.
-- Jason Flom is among the most successful music industry executives of all time. He served as Chairman and CEO of Atlantic Records, Virgin Records and Capitol Music Group where he worked with The Rolling Stones, Coldplay and Lenny Kravitz. He has discovered and launched the careers of countless artists including the Stone Temple Pilots, Matchbox 20, Katy Perry, Tori Amos and Kid Rock to name a few.
-- Rob Kenneally is a senior executive at CAA. A veteran in the TV industry, Kenneally is known for his creative programming. Prior to CAA, he was President at Rysher Entertainment where he headed up development and production for the CBS hit "Nash Bridges" and HBO's "Sex in the City." He also held a senior post at FOX where he handled creative affairs for programming including "Beverly Hills 90210," "The Simpsons," and "Married with Children."
-- Jonathan Levine is one of the most highly regarded music booking agents. He is currently a partner at Paradigm Talent Agency where he represents numerous artists including The Black Eyed Peas, Fergie, The Black Crowes, The Dead and many more.
-- Marty Josephson is a founding partner of Stonefield Josephson, an internationally recognized accounting firm specializing in key industries including apparel, retail, manufacturing/distribution and media/entertainment among others.
5) And a market cap of MERELY $44M?
IF THIS CAN'T TOP THE FASHION "FOOD-CHAIN" - NOTHING CAN!
If this weren't in the PK's I'd confidently predict this hits dollars within weeks... with the BGEM's of the world, that's my only reservation (announced yesterday they will now cover all of Florida... amazing product, and the market barely farted...)
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