Sanderson Design Group PLC Licensing agreement with Ruggable

TIDMSDG

Sanderson Design Group PLC

21 December 2022

 
 REACH                          21 December 2022

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

Morris & Co. licensing agreement with Ruggable

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, is pleased to announce a new licensing agreement for its Morris & Co. brand with Ruggable LLC, the US-based company that markets machine washable indoor and outdoor rugs and doormats.

This agreement is the second major licensing agreement for the Morris & Co. brand in the USA, following the agreement with US retailer Williams Sonoma for a broad range of tableware, cookware and kitchen accessories, and is in line with the Group's international expansion.

Under the terms of the licensing agreement, Ruggable will develop a range of washable Morris & Co. rugs, cushions and doormats for launch during the first half of next year. The products will be available online at https://ruggable.com and in certain stores in the three territories covered by the agreement, comprising the USA, Canada and Australia.

Lisa Montague, Sanderson Design Group's Chief Executive Officer, said: "We are delighted to sign this licensing agreement with Ruggable for the USA, Canada and Australia. Ruggable's development of machine washable rugs and doormats has given the business a distinct market position which the Morris & Co. brand will further expand. This agreement is the latest in a very positive year for the Group's licensing and collaborative activities, with highlights including the Sanderson collaboration with Disney, the extension of the Morris & Co. agreement with US retailer Williams Sonoma and the extension of the Morris & Co. womenswear agreement with NEXT in the UK and Europe."

For further information:

 
 Sanderson Design Group PLC                 c/o Buchanan +44 (0) 
                                                    20 7466 5000 
 Lisa Montague, Chief Executive Officer 
 Mike Woodcock, Chief Financial Officer 
 Caroline Geary, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Joint Broker)                         +44 (0) 20 7597 5970 
 David Anderson / Alex Wright / Ben 
  Farrow 
 
 Singer Capital Markets (Joint Broker)      +44 (0) 20 7496 3000 
 Tom Salvesen / Jen Boorer / Alex Emslie 
 
 Buchanan                                   +44 (0) 20 7466 5000 
 Mark Court / Toto Berger / Abigail 
  Gilchrist 
 SDG@buchanan.uk.com

Notes for editors:

About Sanderson Design Group

Sanderson Design Group PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives licensing income from the use of its designs on a wide range of products such as bed and bath collections, rugs, blinds and tableware.

Sanderson Design Group's brands include Zoffany, Sanderson, Morris & Co., Harlequin, Scion, Clarke & Clarke and Archive by Sanderson Design.

The Company has a strong UK manufacturing base comprising Anstey wallpaper factory in Loughborough and Standfast & Barracks a fabric printing factory, in Lancaster. Both sites manufacture for the Company and for other wallpaper and fabric brands.

Sanderson Design Group employs approximately 600 people, and its products are sold worldwide. It has showrooms in London, New York, Chicago, Amsterdam and Dubai.

Sanderson Design Group trades on the AIM market of the London Stock Exchange under the ticker symbol SDG.

For further information please visit: www.sandersondesigngroup.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFEFFMSEESEDE

(END) Dow Jones Newswires

December 21, 2022 02:00 ET (07:00 GMT)

Walker Greenbank (LSE:WGB)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024