Xcel Brands, Inc. (XELB)

[56Chevy]

Xcel Brands, Inc. Announces Licensing Deal With Glove It, LLC

Date :08/09/2012 @ 11:28AM
Source :GlobeNewswire Inc.

Stock :Xcel Brands, Inc." (QB) (XELB)

Quote : 3.25 0.0 (0.00%) @ 5:04PM

Xcel Brands, Inc. (OTCQB:XELB) has signed an exclusive licensing agreement with Glove It, LLC. This agreement will give Glove It the license to manufacture and distribute golf, tennis and active accessories for the Isaac Mizrahi New York brand. The collection will be available at retail in Spring 2013.

Robert D'Loren, Chairman and Chief Executive Officer, Xcel Brands, Inc., said, "I am very excited to partner with Glove It on this great line of golf, tennis and active accessories. This license marks the beginning of our presence in the active category."

Karen Lovcik, Chief Operating Officer, Glove It, LLC, said, "We are thrilled to join forces with Xcel Brands and launch the Isaac Mizrahi New York brand for golf, tennis, and active lifestyle accessories. This strategic partnership will not only allow us to enhance our product mix, but will also expand our distribution channels. Isaac's iconic designs will translate brilliantly into this active category."


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