PORTLAND, Ore., Aug. 14, 2013 /PRNewswire/ -- RESPECT YOUR
UNIVERSE, INC. (TSX VENTURE: RYU) (OTCQB: RYUN) (RYU) today announced that it has signed a
non-binding Memorandum of Understanding with Luxey International
Holdings Limited of Hong Kong
("Luxey") to develop a strategic investment and marketing
relationship. Luxey is a retail focused apparel group with physical
and web shops, headquartered in Hong
Kong.
Luxey has spent thirty years in development, acquisition, and
marketing of retail apparel brands throughout Asia. Luxey's primary apparel brands include
Lamborghini, Yoflel, Gay Giano, and
Cour Carre. The Cour Carre brand is comprised of smart, fashionable
clothing for professionals and business executives. Yoflel offers
customers trendy lingerie, and swimwear while Luxey's Lamborghini
men's wear line is made from the finest European fabrics and
textiles. The Lamborghini line is infused with style, quality and
endurance.
Luxey's customers are primarily 20-35 year old men and women who
are trend-sensitive with a high need to express their individuality
through the fashion they wear. We believe that RYU's merchandise
assortments will appeal to Luxey's primary customer thus
complementing their brand family.
"We are excited and honored to work closely with Luxey," noted
RYU's Chief Executive Officer, Craig
Brod, PhD. "Luxey not only has extensive experience in
production and marketing apparel throughout Asia, but its primary customer base is similar
to RYU's, and they have a depth of management in the Asian market
that can be beneficial to RYU."
"We are looking forward to this strategic relationship which
comes at a favorable time in the development of our brand," stated
Chief Financial Officer, Jim
Nowodworski.
We look forward to working out the details of our business and
marketing relationship with Mr. Joseph
Lau, Chairman of Luxey.
About Respect Your Universe
Respect Your Universe, Inc. is a vertically integrated, active
lifestyle apparel brand focused on the needs of individuals and
athletes alike. The men's and women's performance and active wear
lines are specially designed for people who love to move, feel
comfortable and look great. Crafted from organic and/or recycled
materials, our products are also designed to help nurture the
environment. For more information, visit www.ryu.com.
SOURCE Respect Your Universe, Inc.