NEW YORK--(BUSINESS WIRE)--March 16, 2005--Badgley Mischka, a
division of Candie's, Inc. (NASDAQ: CAND) announced today a license
agreement with Groupe JS International for couture apparel under the
Badgley Mischka label. Groupe JS will begin to ship product for Fall
Groupe JS International is a leading eveningwear dressmaker based
in Montreal with over 30 years of fashion experience and is noted in
the industry as one of the leading suppliers of ladies' dress,
sportswear and eveningwear. Groupe JS will continue to manufacture
Badgley Mischka couture apparel by utilizing the world's best
materials and craftsmanship to deliver the unsurpassed glamour and
sophistication which has become the signature look of Badgley Mischka.
Commenting on the new agreement, designers, James Mischka and Mark
Badgley stated, "Groupe JS delivers continuity to our couture business
by working with the same manufacturing resources and key members of
our sales and production staff that were essential in the development
of the brand. At the same time they have augmented what we do with the
addition of significant financial, sales and manufacturing resources
that we have not had in the past."
According to Mitchell Hops, President and CEO, Groupe JS
International, "Mark and James are among America's most talented and
recognized designers and the favorites of the young Hollywood set. We
could not be happier to obtain this license. We look forward to a
prosperous future together."
Neil Cole, CEO, Candie's, Inc., stated, "We look forward to this
strategic partnership, I believe that with Mark and James' outstanding
talent combined with JS Groupe's manufacturing expertise and Candie's,
Inc.'s marketing skills will make this a very successful business. We
have confidence that this will take Badgley Mischka couture to an
entirely new level."
About Badgley Mischka
Based in New York City, Badgley Mischka is known for its luxury
evening wear sold through the most prestigious stores in the world,
including Bergdorf Goodman, Neiman Marcus, Saks Fifth Avenue and
Nordstrom. Founded in 1988 by designers Mark Badgley and James
Mischka, Badgley Mischka has been named one of the "Top 10 American
Designers" by Vogue magazine, and has dressed numerous celebrities,
including Kate Winslet, Madonna, Halle Berry, Catherine Zeta-Jones,
Jennifer Lopez, Sarah Jessica Parker and Ashley Judd.
About Candie's, Inc.
Candie's, Inc. is in the business of licensing the CANDIE'S, BONGO
and BADGLEY MISCHKA trademarks on a variety of footwear, apparel and
fashion products. Through its wholly owned subsidiary, Brightstar
Footwear, Inc., the Company also arranges for the manufacture of
footwear products for mass market and discount retailers under the
private label brand of the retailer. For investor information please
visit the corporate web site at http://www.candiesinc.com.
About Groupe JS International
Groupe JS International has been a dynamic presence on the North
American fashion scene for over 30 years. Today, Groupe JS
International has five strong divisions and is widely recognized as
one of the leading suppliers of ladies' dress, sportswear and
eveningwear available in specialty stores, major chain stores and
department stores around the world. Operating out of its office in
Montreal, Canada, and with offices in New York, Toronto and London,
the privately held company is an innovative force in the global
marketplace. More information is available at www.jsgroup.com.
CONTACT: Badgley Mischka
Maria Dolgetta, 212-819-2084
SOURCE: Candie's, Inc.