New York & Company, Inc. Becomes RTW Retailwinds, Inc.
November 09 2018 - 6:45AM
Business Wire
Company to Commemorate Rebranding with Bell
Ringing at the New York Stock Exchange
New York & Company, Inc. (the “Company”) (NYSE:NWY), one of
the largest omni-channel women’s specialty retailers offering
exclusive celebrity and sub-brand collections, today announced that
it will be changing its name to RTW Retailwinds, Inc. (NYSE:RTW)
effective Monday, November 19, 2018.
Greg Scott, Chief Executive Officer said, “Our Company has
evolved into one of the largest specialty women’s omni-channel and
digitally enabled retailers with a powerful multi-brand lifestyle
platform poised for growth. RTW reflects our vision to maximize the
power of our platform to create destination celebrity and lifestyle
brand assortments across categories and channels. We move forward
strongly positioned to continue our expansion of NY&Co,
expanding celebrity brands with the upcoming launch of Kate Hudson
and entering intimate apparel – a core competency of our team. We
are excited about our future and ability to continue to drive value
creation for all RTW shareholders.”
The Company’s common stock will begin trading under the new name
on the New York Stock Exchange as of the opening of trading on
Tuesday, November 20, 2018 (the “effective time”). In celebration,
RTW Retailwinds, Inc. is scheduled to ring the Opening Bell at the
NYSE. In connection with the name change, the Company’s ticker
symbol for its shares of common stock will change to “RTW” and the
CUSIP number for the Company’s common stock will change to 74980D
100, each as of the effective time.
The company’s portfolio includes New York & Company, Fashion
to Figure, and branded merchandise, including collaborations with
Eva Mendes, Gabrielle Union and Kate Hudson. The name change does
not affect the rights of the Company’s stockholders, creditors,
customers or suppliers. No action is required to be taken by
current shareholders in connection with the name and ticker change,
and no change has been made to the Company’s share capital.
The NYSE will live stream the Opening Bell ceremony on its
website at https://livestream.com/NYSE, beginning at 9:26 a.m.
Eastern Time on Tuesday, November 20. A video of the bell ringing
will also be archived on the same page.
About New York & Company
New York & Company, Inc. is an omni-channel women’s fashion
retailer providing curated lifestyle solutions that are versatile,
on-trend, and stylish at a great value. The specialty retailer,
first incorporated in 1918, has grown to now operate 428 retail and
outlet locations in 36 states while also growing a substantial
eCommerce business. The Company’s branded merchandise, including
collaborations with Eva Mendes, Gabrielle Union and Kate Hudson, is
sold exclusively at these locations and online at
www.nyandcompany.com. Additionally, certain product, press releases
and SEC filing information concerning the Company are available at
the Company’s website: www.nyandcompany.com.
Forward-looking Statements
This press release contains forward-looking statements,
including statements made within the meaning of the safe harbor
provisions of the United States Private Securities Litigation
Reform Act of 1995. Such statements, including those relating to
the name change, ticker change and CUSIP change, are subject to
various risks and uncertainties that could cause actual results to
differ from such forward-looking statements. In light of these
risks and uncertainties, there can be no assurance that the
forward-looking information contained in this release will in fact
occur. The Company undertakes no obligation to revise the
forward-looking statements included in this press release to
reflect any future events or circumstances.
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