Rudy Theale, President of Vestal Licensing, stated, "We see the partnership with Steven Madden, Ltd. as not only a cultural fit but an opportunity to add style and a true 'pop' to the department store fashion watch business. We believe our speed to market coupled with the contribution from Steve Madden and his forward thinking design team will quickly position the Madden timepiece collection as a leader in the fashion watch space."
"The new license agreements further our stated strategy to become a global lifestyle branded company," said Jamieson Karson, Chairman and Chief Executive Officer of Steven Madden, Ltd. "The new categories will leverage our core footwear category, further expand the reach of our brands, and enhance our opportunities for future growth."
Steven Madden Ltd designs and markets fashion-forward footwear and accessories for women, men and children. The shoes and accessories are sold through company-owned retail stores, department stores, apparel and footwear specialty stores, and on-line at http://www.stevemadden.com.
The Company has several licenses for the Steve Madden brand, including eyewear, outerwear, and hosiery and owns and operates 96 retail stores, including its online store. The Company is also the licensee for l.e.i. Footwear, Candie's Footwear and UNIONBAY Men's Footwear.
The Vestal Group was born from the Vestal Watch Company, which was founded nearly a decade ago in Newport Beach, California.
In the past two years, Vestal has acquired a unique range of licenses with highly respectable brands that appeal to a broad customer base. Vestal branded watches are available at select specialty stores nationwide and internationally.
marketing@alchempro.com
