Enesco Launches New Disney Impressions Collection; Enesco Expands Scope of Disney Product Ranges Both U.S. and Internationally
November 21 2005 - 4:10PM
Business Wire
Enesco Group, Inc., (NYSE:ENC) a leader in the giftware, and home
and garden decor industries, recently launched Disney Impressions,
a new Disney brand developed specifically for the U.S. marketplace.
The Disney Impressions collection showcases Disney characters as
they celebrate special occasions and everyday moments. The Company
also is working with Disney Consumer Products to develop home decor
and garden products, general gifts and other decorative accessories
for both the U.S. and international markets. Under the Disney
Impressions umbrella, brands currently available from Enesco
include "Pooh & Friends," "Mickey & Friends" and "Disney
& Me," which are gift and decorative accessory lines targeted
for the mid-tier specialty gift retailers. Enesco is expanding its
product offering to include home decor and gift products based on
Mickey and Standard Characters, Classic Film Characters, Disney
Princess and Disney's Winnie the Pooh. The product mix includes
general gift, occasion-themed, and home decor products targeted for
distribution in mid-tier and specialty gift retailers. Products
included under the Disney Impressions umbrella range in price from
$7.50 to $75 SRP at specialty retailers nationwide. "We are very
pleased to enhance our current Disney offerings in the mass market,
mid-tier and specialty channels," said Cynthia Passmore-McLaughlin,
president and CEO of Enesco. "With the Disney Impressions brand,
Enesco has an opportunity to introduce a new Disney portfolio to a
variety of distribution channels in the U.S. and around the world."
Enesco's new Disney products are available for immediate shipment.
Retailers may call 1-800-4-ENESCO for more information or to place
an order. About Enesco Group, Inc. Enesco Group, Inc. is a world
leader in the giftware, and home and garden decor industries.
Serving more than 30,000 customers globally, Enesco distributes
products to a wide variety of specialty card and gift retailers,
home decor boutiques, as well as mass-market chains and direct mail
retailers. Internationally, Enesco serves markets operating in the
United Kingdom, Canada, Europe, Mexico, Australia and Asia. With
subsidiaries located in Europe and Canada, and a business unit in
Hong Kong, Enesco's international distribution network is a leader
in the industry. The Company's product lines include some of the
world's most recognizable brands, including Border Fine Arts,
Bratz, Circle of Love, Foundations, Halcyon Days, Heartwood Creek,
Jim Shore Designs, Lilliput Lane, Nickelodeon, Pooh & Friends,
Walt Disney Classics Collection, and Walt Disney Company, among
others. Further information is available on the Company's web site
at www.enesco.com. This press release contains forward-looking
statements, which reflect management's current assumptions and
beliefs and are based on information currently available to
management. The Company has tried to identify such forward-looking
statements by use of such words as "expects," "intends,"
"anticipates," "could," "estimates," "plans," and "believes," and
similar expressions, but these words are not the exclusive means of
identifying such statements. Such statements are subject to various
risks, uncertainties and other factors, which could cause actual
results to vary materially from those anticipated, estimated,
expected or projected. Important factors that may cause actual
future events or results to differ materially and adversely from
those described in the forward-looking statements include, but are
not limited to: the Company's success in implementing its
comprehensive plan for operating improvement and achieving its
goals for cost savings and market share increases; the Company's
success in developing new products and consumer reaction to the
Company's new products; the Company's ability to secure, maintain
and renew popular licenses, particularly our Cherished Teddies,
Disney and Heartwood Creek licenses; the Company's ability to grow
revenues in mass and niche market channels; the Company's ability
to comply with covenants contained in its credit facility; the
Company's ability to obtain a new global senior credit facility;
changes in general economic conditions, as well as specific market
conditions; fluctuations in demand for our products; manufacturing
lead times; the timing of orders and shipments and our ability to
predict customer demands; inventory levels and purchase commitments
exceeding requirements based upon incorrect forecasts; collection
of accounts receivable; changes in the regulations and procedures
affecting the importation of goods into the United States; changes
in foreign exchange rates; price and product competition in the
giftware industry; variations in sales channels, product costs or
mix of products sold; and, possible future terrorist attacks,
epidemics, or acts of war. In addition, the Company operates in a
continually changing business environment and does not intend to
update or revise the forward-looking statements contained herein,
which speak only as of the date hereof. Additional information
regarding forward-looking statement risk factors is contained in
the Company's reports and filings with the Securities and Exchange
Commission. In light of these risks and uncertainties, the
forward-looking statements contained herein may not occur and
actual results could differ materially from those set forth herein.
Accordingly, you should not rely on these forward-looking
statements as a prediction of actual future results.
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