Neo-Concept International Group Holdings Limited Announces Collaboration with Reiss Limited
22 Mai 2024 - 3:00PM
Neo-Concept International Group Holdings Limited (Nasdaq:
NCI) (the “Company”), a one-stop apparel solution services
provider, today announced that its wholly-owned subsidiary
Neo-Concept UK Limited (“NCUK”) had entered into a framework
collaboration agreement (the "Collaboration Agreement") with Reiss
Limited (“REISS”) to produce a range of co-branded “REISS x
Les100Ciels” products.
Under the Collaboration Agreement, the two
companies will work together on the design of the new product line,
with NCUK being responsible for manufacturing the products through
its supply channels. The products will be exclusive to this
collaboration and will be sold through NCUK 's online
(www.les100ciels.com) and retail channels, as well as distributed
to REISS for sale through its retail network.
The Collaboration Agreement takes effect
immediately and shall remain in force indefinitely, subject to
termination by either party with at least 3 months' advance written
notice.
"We are thrilled to be partnering with Reiss on
this exciting new collaboration," said Eva Siu, Chairlady of NCI.
"Our expertise in product design and manufacturing, combined with
REISS’ extensive retail reach, creates an opportunity to bring
something truly unique to consumers. We look forward to working
closely with the team at REISS to bring these products to market."
“This collaboration further reinforced the momentum built in our
retail sales in the U.K.”
Patrick Lau, Chief Financial Officer of NCI
added, " This collaboration allows us to leverage the respective
strengths of both companies to create a compelling new product
line. REISS has a presence in 135 locations worldwide and through
this collaboration, our products can immediately assess to REISS’s
stores and shop-in-shops in various cities such including the
United States, Ireland, United Arab Emirates, Hong Kong,
Philippines, Netherlands, Russia, and Canada. By expanding our
customer reach, we expect a potential positive growth in our
business, in particular our retail sales, and financial
performance."
The first products from the " REISS x
Les100Ciels " collection are expected to be available for purchase
in Q4 2024. More details on the specific product offerings will be
announced in the coming months.
- END -
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press
release are “forward-looking statements” made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements reflect the Company’s
current expectations or beliefs concerning future events and actual
events may differ materially from current expectations. Any such
forward-looking statements are subject to various risks and
uncertainties, including the strength of the economy, changes to
the market for securities, political or financial instability and
other factors which are set forth in the Company’s Registration
Statement on Form F-1 (File No. 333-275242), as amended, and in all
filings with the SEC made by the Company subsequent to the filing
thereof. The Company does not undertake to publicly update or
revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
About Reiss Limited
Founded in 1971, REISS is an internationally
recognized fashion brand for men and women. The company has a
presence in 135 locations worldwide, including standalone stores
and shop-in-shops in various cities such as the UK, United States,
Ireland, United Arab Emirates, Hong Kong, Philippines, Netherlands,
Russia, and Canada.
REISS has established a design philosophy
centered on creating contemporary menswear, womenswear,
accessories, and childrenswear that aim to transcend time and
trends. The brand operates with a London-based in-house atelier and
a dedicated design team focused on delivering pieces that embody
the company's legacy.
Today, REISS functions as a modern fashion
house, offering collections that are characterized by attainable
luxury and unwavering elegance.
For more information, please visit
www.reiss.com
About Neo-Concept International Group Holdings
Limited
Neo-Concept International Group Holdings Limited
(“NCI”) is a one-stop apparel solution services provider. It offers
a full suite of services in the apparel supply chain, including
market trend analysis, product design and development, raw material
sourcing, production and quality control, and logistics management
serving customers located in the European and North American
markets. It also sells its own branded apparel products under the
licensed brand “Les100Ciels” through retail stores in UK as well as
the e-commerce platform www.les100ciels.com.
NCI is dedicated to minimizing its environmental
footprint by implementing various eco-friendly practices. It
prioritizes recycling, clean processes, and traceable sourcing as
part of its commitment to reducing environmental impact.
Additionally, NCI actively seeks sustainable solutions throughout
the garment production process, aiming to meet the needs of its
customers in an environmentally responsible manner.
Enquiries:
Neo-Concept International Group Holdings Limited Investor
Relations Contact:
10/F, Seaview Centre No.139-141 Hoi Bun Road Kwun Tong, Kowloon,
Hong Kong (+852) 2798-8639 Email: ir@neo-ig.com
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