EU and UK territories added to longtime
licensing and distribution partnership
NEW YORK, July 16, 2024 /PRNewswire/ -- United Legwear
& Apparel Co., LLC (ULAC), a New
York-based global designer, manufacturer, and distributor of
legwear, apparel, and accessories, has announced an expansion of
their 20-year licensing partnership with global lifestyle and
performance footwear and apparel brand Skechers to include
distribution in the European Union and the United Kingdom. The license will be managed in
these two added territories through ULAC's newly-formed,
wholly-owned subsidiaries in the EU and UK: United Legwear &
Apparel Europe BV and United Legwear & Apparel UK Ltd.,
respectively.
Skechers will leverage ULAC's sales and distribution strengths
in these territories to increase their market footprint.
Isaac Ash, CEO and President of
ULAC, explained that the timing was perfect for the addition of
these territories to their licensing agreement: "ULAC has had a
successful partnership with Skechers for two decades in
North America. With the
establishment of ULAC Europe B.V. in 2023, it's a strategic time
for Skechers to tap into our capabilities and increase their
legwear presence in retailers across these countries."
"Customers' enthusiastic response to our offering of
Skechers-branded socks has paved the way for additional expansion
opportunities, including in Europe," said Michael
Greenberg, president of Skechers. "With a long history
together, United Legwear understands the Skechers brand, our need
for quality and style, and our consumers. Together, we can bring
more comfort to the people of Europe."
Skechers will now have dedicated showroom space at ULAC Europe
B.V.'s headquarters in Amsterdam
and in the London showroom. Buyers
from key retailers can easily view the legwear collections for men,
women and kids in these beautiful, newly-built spaces.
Skechers lifestyle and high-performance socks, including pairs
for running, golf, basketball, football, and pickleball for men and
women, as well as Skechers lifestyle socks for children of all
ages, are available in Skechers retail stores and retailers across
the United States and Europe.
About United Legwear & Apparel Co.
United
Legwear & Apparel Co. LLC (unitedlegwear.com) is a 25-year-old
New York City-based global entity
that designs, manufactures, and distributes legwear, bodywear,
apparel, and accessories. Founded by Isaac
E. Ash, United Legwear & Apparel Co. (ULAC) is a joint
venture partner of PUMA North America; has distribution
partnerships with Scotch & Soda and Hurley; maintains
highly-recognized licensed brands such as Skechers, Van Heusen, DKNY, Champion, and Weatherproof;
owns the Pro Player and Lemon brands, and has a portfolio of
private-label brands. ULAC's mission is to produce and distribute
apparel and accessories of highest quality and best value while
working with integrity and fairness.
Press Contact: Rita Polidori O'Brien |
rita@unitedlegwear.com
About SKECHERS U.S.A.,
Inc.
Skechers (NYSE:SKX), The Comfort Technology
Company® based in Southern
California, designs, develops and markets a diverse range of
lifestyle and performance footwear, apparel and accessories for
men, women and children. The Company's collections are available in
180 countries and territories through department and specialty
stores, and direct to consumers through skechers.com and
approximately 5,200 Skechers retail stores. A Fortune 500® company,
Skechers manages its international business through a network of
wholly-owned subsidiaries, joint venture partners, and
distributors. For more information, please
visit about.skechers.com and follow us
on Facebook, Instagram and TikTok.
Press Contact: Jennifer
Clay, VP of Corporate Communications and Marketing, Skechers
| jennc@skechers.com
This announcement contains forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements may include, without limitation, Skechers' future
domestic and international growth, financial results and operations
including expected net sales and earnings, its development of new
products, future demand for its products, its planned domestic and
international expansion, opening of new stores and additional
expenditures, and advertising and marketing initiatives.
Forward-looking statements can be identified by the use of
forward-looking language such as "believe," "anticipate," "expect,"
"estimate," "intend," "plan," "project," "will," "could," "may,"
"might," or any variations of such words with similar meanings. Any
such statements are subject to risks and uncertainties that could
cause actual results to differ materially from those projected in
forward-looking statements. Factors that might cause or contribute
to such differences include the disruption of business and
operations due to the COVID-19 pandemic; delays or disruptions in
our supply chain; international economic, political and market
conditions including the effects of inflation and foreign currency
exchange rate fluctuations around the world, the challenging
consumer retail markets in the United
States, and the impact of wars, acts of war and other
conflicts around the world; sustaining, managing and forecasting
costs and proper inventory levels; losing any significant
customers; decreased demand by industry retailers and cancellation
of order commitments due to the lack of popularity of particular
designs and/or categories of products; maintaining brand image and
intense competition among sellers of footwear for consumers,
especially in the highly competitive performance footwear market;
anticipating, identifying, interpreting or forecasting changes in
fashion trends, consumer demand for the products and the various
market factors described above; sales levels during the spring,
back-to-school and holiday selling seasons; and other factors
referenced or incorporated by reference in Skechers' annual report
on Form 10-K for the year ended December 31,
2023 and its quarterly reports on Form 10-Q in 2024. Taking
these and other risk factors associated with the COVID-19 pandemic
into consideration, the dynamic nature of these circumstances means
that what is stated in this press release could change at any time,
and as a result, actual results could differ materially from those
contemplated by such forward-looking statements. The risks included
here are not exhaustive. Skechers operates in a very competitive
and rapidly changing environment. New risks emerge from time to
time and we cannot predict all such risk factors, nor can we assess
the impact of all such risk factors on our business or the extent
to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any
forward-looking statements. Given these risks and uncertainties,
you should not place undue reliance on forward-looking statements
as a prediction of actual results. Moreover, reported results
should not be considered an indication of future
performance.
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