24th Feb 2005 07:00
Marchpole Holdings PLC24 February 2005 24 February 2005 Marchpole Holdings plc (the "Company") Ungaro Distribution Agreement Marchpole Holdings plc, which designs, produces and sells high quality clothingand accessories for six world class brands (Yves Saint Laurent, Boateng,Jean-Charles de Castelbajac ("JCC"), Jean-Charles de Castelbajac / Rossignol,Emmanuel Ungaro and Ungaro) is pleased to announce that the Company has enteredinto a European distribution agreement with Camiceria Giemme S.R.L. which hasbeen a long term partner of Ungaro and has successfully developed the brand'spresence in store groups such as Galleries Lafayette in France and Corte deIngles in Spain. Under the terms of the five year agreement, Marchpole will receive a minimumguarantee of 1.375 million Euros plus an 8% royalty on all sales. The agreementalso includes a further sales and marketing contribution of 150,000 Euros. Greg Tufnell, Chief Executive, commented: "Our new agreement is a further illustration of Marchpole's increasing abilityto manage and grow brands on a worldwide basis" For further information contact: MarchpoleGreg Tufnell - Chief Executive 020 7908 7700Michael Morris - Executive Director Shore CapitalAlex Borrelli 020 7408 4090 BuchananTim Thompson / Nicola Cronk 020 7466 5000 Notes to editors: In November 2004, Marchpole announced strong interim results for the six monthsended 2 October 2004, with operating profit up 194% to £2.6 million (2003:£0.9m) on increased turnover of £15.7 million (2003 : £8.0 million). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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