NEW YORK--(BUSINESS WIRE)--April 19, 2004--Candie's, Inc.
(NASDAQ:CAND) ("The Company") today announced that Michael Groveman
and Drew Cohen have joined its Board of Directors.
Mr. Groveman is currently the Chief Executive Officer of Bill
Blass Ltd., a leader in sophisticated fashion, with over 40 licenses
for products ranging from accessories and eyewear to furniture. Mr.
Groveman has been with Bill Blass for over 14 years and is responsible
for creating and executing the strategic direction and vision for the
company. Prior to joining Bill Blass, he was a manager in the
accounting firm of Ferro, Berdon and Company in New York. Mr. Groveman
has a B.A. in accounting from Long Island University C.W. Post.
Mr. Cohen is the Managing Director, Business & Legal Affairs for
Music Theatre International (MTI), which represents the dramatic
performing rights of classic properties such as "West Side Story," and
"Fiddler on the Roof," and has licensed over 50,000 performances in 68
countries. Before joining MTI, Mr. Cohen was the Director of
Investments for a high-net-worth family, and prior to that, General
Manager for GlassNote Records, an independent record company. Mr.
Cohen holds a B.S. degree from Tufts University, a J.D. from Fordham
Law School, and an M.B.A. from Harvard Business School.
In commenting on the announcements, Mr. Neil Cole, Chief Executive
Officer and President of the Company stated, "We are thrilled to
welcome these two excellent candidates to the Candie's Board of
Directors. Now that we have transformed the company to a licensing and
brand development company, we wanted to build on the existing talent
of our Board with senior executives in the licensing industry. We
believe that Mr. Groveman and Mr. Cohen perfectly complement our
About Candie's, Inc.
Candie's, Inc. is in the business of licensing the CANDIE'S(R) and
BONGO(R) names on a variety of young women's footwear, apparel and
fashion products, and is a leading designer, distributor and marketer
of jeans wear under the BONGO brand through its wholly owned
subsidiary, Unzipped Apparel, LLC. 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
CONTACT: Candie's, Inc.
Richard Danderline, 212-819-2069
SOURCE: Candie's, Inc.