PORTFOLIO COMPANY NEWS
Differential Brands Group Names Andrew Berg as President of Robert Graham
"I believe Robert Graham is uniquely positioned to become one of the leading premium lifestyle brands, and I am thrilled to be joining the organization as President to spearhead the charge"
April 20, 2016 - Differential Brands Group Inc. (NASDAQ:DFBG) today announced that Andrew Berg has joined Robert Graham as its President.
"We are thrilled to welcome Andrew Berg to Robert Graham," commented Michael Buckley, Chief Executive Officer of Differential Brands Group, the parent company of the Robert Graham and Hudson Jeans brands.
"With Andrew's 20-year proven track record, we are confident that we have the leader in place to execute our premium omni-channel vision for the future. Under Andrew's direction, we look forward to Robert Graham continuing to build brand awareness and maximize the explosive growth potential of its Consumer Direct channel and department store and specialty store relationships, as well as executing its playbook for international expansion. This is a pivotal time for our newly merged Company and for an industry leading merchant with experience driving growth to take the helm," commented Mr. Buckley.
Before joining Robert Graham, Mr. Berg held the position of Senior Vice President of Menswear at Theory, where he led the global Theory Men's organization to significant sales and profit growth across the wholesale, retail, ecommerce and international channels. Mr. Berg refined and elevated the brand's positioning and launched new product categories including footwear, accessories, formalwear and Theory+. Previously, Mr. Berg worked with other leading global brands including Ralph Lauren, Abercrombie & Fitch and Gap, Inc. "Andrew has spent his career working alongside the best merchant leaders in the industry," commented Mr. Buckley.
"I believe Robert Graham is uniquely positioned to become one of the leading premium lifestyle brands, and I am thrilled to be joining the organization as President to spearhead the charge," Mr. Berg stated. "I am looking forward to working closely with the Robert Graham leadership team and the Board of Directors at Differential Brands Group in building this product-led brand."
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, and Robert Graham®, a sophisticated, eclectic apparel and accessories brand seeking to inspire a global movement. For more information, please visit Differential's website at: www.differentialbrandsgroup.com.
About Robert Graham
Robert Graham, a wholly owned subsidiary of Differential Brand Group (NASDAQ:DFBG), is an American-based company born in 2001. Since its launch, Robert Graham has been providing sophisticated, eclectic style to the fashion market with an intention of inspiring a global movement. Robert Graham received the 2014 "Menswear Brand of the Year" award from the American Apparel & Footwear Association. Robert Graham now operates freestanding stores in 30 locations nationwide. The brand also sells at luxury department stores and boutiques, and it has showrooms located in New York City, Los Angeles, Dallas, Toronto, Montreal, and Vancouver. Robert Graham is the essence of 'American Eclectic.' For more information, please visit Differential's website at: www.robertgraham.us/.
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. 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 merger on its financial results, business performance and product offerings, the Company's ability to successfully integrate the SWIMS business and realize cost savings and any other synergies, the risk that the credit ratings of the 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 last annual report on Form 10-K and quarterly report 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.
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