MPH.L Regulatory News (MPH)

6 Nov 2006 09:00

Marchpole Holdings PLC06 November 2006 MARCHPOLE HOLDINGS PLC ("Marchpole") Successful conclusion to Ozwald Boateng proceedings Marchpole Holdings plc, the fast growing fashion brand management group, hasbeen successful in the Court of Appeal with its case against BespokeCouture Limited/Ozwald Boateng. All three Court of Appeal judges ruled on Friday 3 November that the license agreement continues and that the damages claim against Marchpole Holdings plcshould be dismissed. Furthermore, Bespoke Couture Limited/Ozwald Boateng was refused permission to appeal to the House of Lords and Marchpole Holdings plc has had costs awarded in its favour. Michael Morris, Executive Deputy Chairman of Marchpole, commented: "We are verypleased that these legal proceedings have now been resolved." -ends- For further information, please contact:Emma Kent / Alexandra WaltonBell Pottinger Corporate & Financial 020 7861 3232 John Harrison, Finance DirectorMarchpole 020 7908 7777 Note to Editors : • Marchpole Holdings plc ("Marchpole") is an international brand management group that designs, produces and sells clothing and accessories for eight globally recognised fashion labels. It operates in all of the world's main markets - UK, mainland Europe, Asia and the USA • Its respected brands include YSL, Boateng, Emmanuel Ungaro, Ungaro, Jean-Charles de Castelbajac ("JCC"), Jean-Charles de Castelbajac / Rossignol, Jean-Charles de Castelbajac/Okaidi and Homebody • Marchpole is renowned for its integrated approach to brand management, taking a brand from concept to design studio to the customer interface. It is not a clothing manufacturer • The Group has grown considerably in the past 3 years, from a licensee with one core license (YSL menswear) - to today's international business that manages its brands across a multitude of clothing lines and accessories • Marchpole's recent acquisition (March 2006) of Moda America - the US licensee for leading designer Emanuel Ungaro - brings further growth opportunities in the UK and America and strengthens the company's relationship with Ungaro • The acquisition also allows the company to launch the Ungaro brand, already established by Marchpole in Europe and Asia, into the US, Canada and South America. The acquisition also allows the company to re-launch JCC into America with effect from autumn/winter 2006 • Marchpole will launch the diffusion Ungaro Homme collection in the UK from Spring/Summer 2007 This information is provided by RNS The company news service from the London Stock Exchange