CAND Candies (MM)

Candie's, Inc. (NASDAQ: CAND) (the "Company") announced today it has entered into a retail license agreement with Pristine Fashion Group ("Pristine Fashion") for its Badgley Mischka(R) brand. Pristine Fashion is in the business of operating luxury retail stores and will have the exclusive right to open and operate two California based Badgley Mischka retail stores with the option for a national roll out. The agreement will commence with the redesign and re-opening of the Rodeo Drive, Beverly Hills store in July to be followed by the unveiling of a new Palm Springs store in November. Future roll outs may include free-standing retail stores in Las Vegas, Palm Beach, Bal Harbour and New York City. Neil Cole, CEO, Candie's, Inc., commented, "Having beautiful retail stores in these prestigious markets is a wonderful way for us to showcase the glamour and elegance of the Badgley Mischka brand. As we continue our expansion into new categories it will be more important than ever to be able to show our consumers how everything relates together." Mark Badgley and James Mischka, stated, "We are thrilled to have found a partner to re-open our store in Beverly Hills and are very pleased with the long term vision that includes stores in the major key luxury markets across the country." Skender Perolli, Pristine Fashion Group, stated, "Badgley Mischka is one of the most exclusive and glamorous luxury brands in America and will be enthusiastically embraced in these upscale markets." The Company will support the new license agreement by sponsoring a re-opening party for the Beverly Hills store in September. About Candie's, Inc. Candie's, Inc. is in the business of licensing the CANDIE'S(R), BONGO(R) and BADGLEY MISCHKA(R) 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.