JCC brand continues to strengthen presence in Far East
06 Sep '07
4 min read
The development of our JCC brand is progressing in line with strategy. Two significant long term partnership agreements have recently been signed with the world famous headwear company New Era and one of the world's original denim companies, Lee Cooper, Under the terms of the Lee Cooper agreement we will distribute an exclusive 'JC-DC' denim collection to 250 Lee Cooper stores.
The JCC brand continues to strengthen its presence in the Far East. Most recently a new distribution agreement has been signed with Coronet, a member of the Itochu group, for Japan and later this month we will be opening of a new JCC flagship store in Tokyo.
We continue to develop and sell the Boateng collection and sales and orders have grown from last year, despite the dispute over licence arrangements with Bespoke Couture. This was settled by the Court of Appeal in Marchpole's favour in December 2006 and our commitment to the brand remains unaltered.
We are pleased to report that the integration of Greenmark Limited, the ladies footwear designer and importer, which was acquired in March 2007, has been successful and we are seeing increased sales and improved margins.
Homebody, the luxury clothing company which designs, manufactures and distributes ladieswear, maternity wear and menswear which was acquired last year has been fully integrated into the Marchpole business model and continues to make good progress and increase sales and distribution. A European multi-lingual website went live this week and we are confident that this will deliver a significant increase in internet sales.
We therefore look forward to the future with confidence. The business continues to perform in line with expectations with a pipeline of new opportunities from which the Company is well placed to capitalise, and deliver returns to shareholders.
For technical reasons Resolutions 7-11 will not be placed before meeting. An explanatory letter is being sent to shareholders and these resolutions will be put to shareholders at an EGM which will be held at the earliest possible date.
marketing@alchempro.com
