Differential Brands Group Inc. Announces Appointment of Jake Brandman as President of SWIMS Brand
August 24 2016 - 6:00AM
Business Wire
Differential Brands Group Inc. (NASDAQ:DFBG) ("Differential
Brands" or the "Company") today announced the appointment of Jake
Brandman as President of the Company’s SWIMS brand operated through
its wholly owned subsidiary, DFBG Swims, LLC. Mr. Brandman will
assume the position on August 29, 2016. In this role, he will
report to Michael Buckley, Chief Executive Officer and will be
responsible for developing and implementing a long-term strategy to
expand the newly acquired SWIMS brand both domestically and
internationally.
Mr. Brandman is a seasoned lifestyle brand executive with more
than 20 years of experience building global brands. He has spent
the last eight years with Deckers Brands, most recently as Brand
President for Sanuk, and prior to that, as Vice President of North
American Sales for Teva and Simple. Previously, Mr. Brandman held
senior sales executive roles at Vans, Keen Footwear, and Ahnu
Footwear. He holds an MBA from the University of Southern
California.
Mr. Buckley commented, “We are pleased to welcome Jake to the
Differential team. He is a strong merchant and sales professional
with a long track record of successfully building great brands and
cultures, and we believe he will be instrumental as we integrate
and grow the SWIMS business. I look forward to partnering with Jake
and leveraging his vast knowledge and experience to expand the
SWIMS brand both in the U.S. and around the world.”
Mr. Brandman stated, “I am very excited to be joining
Differential Brands to lead the SWIMS brand and its global
expansion. SWIMS is already a sought-after lifestyle brand that
consumers are passionate about and that some of the best retailers
recognize for its unique positioning and disruptive product
offering. I am honored to begin working with the SWIMS team to
further unleash their creativity and leverage their experiences
while tapping into the Differential Brands infrastructure to
further build and expand the business here in the U.S. and other
key global markets.”
About Differential Brands Group
Differential Brands Group Inc. (NASDAQ: DFBG) is a platform that
focuses on branded operating companies in the premium apparel,
footwear and accessories sectors. Our focus is on organically
growing our brands through a global, omni-channel distribution
strategy while continuing to seek opportunities to acquire
accretive, complementary, premium brands.
Our current brands are Hudson®, a designer and marketer of
women’s and men’s premium, branded denim and apparel, Robert
Graham®, a sophisticated, eclectic apparel and accessories brand
seeking to inspire a global movement, and SWIMS®, a Scandinavian
lifestyle brand best known for its range of fashion-forward,
water-resistant footwear, apparel and accessories. For more
information, please visit Differential's website at:
www.differentialbrandsgroup.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The matters discussed
in this news release involve estimates, projections, goals,
forecasts, assumptions, risks and uncertainties that could cause
actual results or outcomes to differ materially from those
expressed in the forward-looking statements. All statements in this
news release that are not purely historical facts are
forward-looking statements, including statements containing the
words “may,” “will,” “expect,” “anticipate,” “intend,” “estimate,”
“continue,” “believe,” “plan,” “project,” “will be,” “will
continue,” “will likely result” or similar expressions. Any
forward-looking statement inherently involves risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to: the
anticipated benefits of the RG Merger and SWIMS® acquisition on the
Company’s financial results, business performance and product
offerings; the use of financial measures that are non-GAAP; risks
associated with the restatement of our unaudited condensed
consolidated financial statements as of and for the three months
ended March 31, 2016; the identification of a material weakness in
our internal control over financial reporting and our ability to
maintain effective internal control over financial reporting; the
Company’s ability to successfully integrate the Company’s brands
and realize cost savings and any other synergy; the risk that the
credit ratings of the combined company or its subsidiaries may be
different from what the Company expects; continued acceptance of
our product, product demand, competition, capital adequacy, general
economic conditions and the potential inability to raise additional
capital if required; the risk that the Company will be unsuccessful
in gauging fashion trends and changing customer preferences; the
risk that changes in general economic conditions, consumer
confidence, or consumer spending patterns will have a negative
impact on the Company’s financial performance; the highly
competitive nature of the Company’s business in the United States
and internationally and its dependence on consumer spending
patterns, which are influenced by numerous other factors; the
Company’s ability to respond to the business environment and
fashion trends; continued acceptance of the Company’s brands in the
marketplace; and other risks. The Company discusses certain of
these factors more fully in its additional filings with the SEC,
including its annual report on Form 10-K for the fiscal year ended
November 30, 2015 and subsequent quarterly reports on Form 10-Q
filed with the SEC, and this release should be read in conjunction
with those reports, together with all of the Company’s other
filings, including current reports on Form 8-K, through the date of
this release. The Company urges you to consider all of these risks,
uncertainties and other factors carefully in evaluating the
forward-looking statements contained in this release.
Any forward-looking statement is based on information current as
of the date of this document and speaks only as of the date on
which such statement is made, and the Company undertakes no
obligation to update these statements to reflect events or
circumstances after the date on which such statement is made.
Readers are cautioned not to place undue reliance on
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160824005255/en/
ICR, Inc.Investor Relations:Jean Fontana,
203-682-8200Jean.Fontana@icrinc.comorMedia Inquiries:Brittany
Fraser, 203-682-8200DifferentialPR@icrinc.com
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