LONG ISLAND CITY, N.Y., May 28 /PRNewswire-FirstCall/ --
Steven Madden, Ltd. (Nasdaq: SHOO), a leading designer, wholesaler and
marketer of fashion footwear for women, men and children, today announced that
the Company signed a license agreement with Paul Lavitt Mills, Inc. to
manufacture and distribute Steve Madden branded socks in the United States.
The new line will include basic styles, fashion styles, novelty knee
socks, boot socks and legwarmers. Select styles will be introduced in late
Spring of this year.
Jamieson Karson, Chief Executive Officer of Steven Madden, Ltd., stated,
"We are pleased to be partnering with Paul Lavitt Mills, given their
reputation for quality and excellence. Of particular note, they have
significant experience manufacturing and marketing socks and hosiery for
multiple fashion brands, including Etienne Aigner and Nicole Miller."
Arthur Lavitt, President and Chief Executive Officer of Paul Lavitt Mills,
Inc., commented, "We are excited to be working with Steven Madden, Ltd. and
are committed to delivering innovative and trendy designs in legwear that will
be specifically geared to the Steve Madden customer."
Steven Madden, Ltd. designs and markets fashion-forward footwear for
women, men and children. The shoes are sold through Steve Madden Retail
Stores, Department Stores, Apparel and Footwear Specialty Stores, and on-line
at www.stevemadden.com. The Company has several licenses for the Steve Madden
& Stevies brands -- including outerwear, leather sportswear, eyewear, hosiery,
handbags, and belts -- owns and operates two retail stores under its David
Aaron brand, and is the licensee for l.e.i. Footwear.
Paul Lavitt Mills, Inc. based in Hickory, North Carolina is a vertically
integrated hosiery manufacturer of socks and legwear for the entire family.
The company has the ability to supply products to meet both basic and fashion
demands in today's hosiery market.
Statements in this press release that are not statements of historical or
current fact constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other unknown
factors that could cause the actual results of the Company to be materially
different from the historical results or from any future results expressed or
implied by such forward-looking statements. In addition to statements which
explicitly describe such risks and uncertainties readers are urged to consider
statements labeled with the terms "believes", "belief", "expects", "intends",
"anticipates" or "plans" to be uncertain and forward-looking. The forward
looking statements contained herein are also subject generally to other risks
and uncertainties that are described from time to time in the Company's
reports and registration statements filed with the Securities and Exchange
SOURCE Steven Madden, Ltd.