Last checked at 21 Dec 2022 07:00
REACH | 21 December 2022 |
SANDERSON DESIGN GROUP PLC
("Sanderson Design Group", the "Company" or the "Group")
Morris & Co. licensing agreement with Ruggable
Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, is pleased to announce a new licensing agreement for its Morris & Co. brand with Ruggable LLC, the US-based company that markets machine washable indoor and outdoor rugs and doormats.
This agreement is the second major licensing agreement for the Morris & Co. brand in the USA, following the agreement with US retailer Williams Sonoma for a broad range of tableware, cookware and kitchen accessories, and is in line with the Group's international expansion.
Under the terms of the licensing agreement, Ruggable will develop a range of washable Morris & Co. rugs, cushions and doormats for launch during the first half of next year. The products will be available online at https://ruggable.com and in certain stores in the three territories covered by the agreement, comprising the USA, Canada and Australia.
Lisa Montague, Sanderson Design Group's Chief Executive Officer, said: "We are delighted to sign this licensing agreement with Ruggable for the USA, Canada and Australia. Ruggable's development of machine washable rugs and doormats has given the business a distinct market position which the Morris & Co. brand will further expand. This agreement is the latest in a very positive year for the Group's licensing and collaborative activities, with highlights including the Sanderson collaboration with Disney, the extension of the Morris & Co. agreement with US retailer Williams Sonoma and the extension of the Morris & Co. womenswear agreement with NEXT in the UK and Europe."
For further information:
Sanderson Design Group PLC | c/o Buchanan +44 (0) 20 7466 5000 |
Lisa Montague, Chief Executive Officer | |
Mike Woodcock, Chief Financial Officer | |
Caroline Geary, Company Secretary | |
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Investec Bank plc (Nominated Adviser and Joint Broker) | +44 (0) 20 7597 5970 |
David Anderson / Alex Wright / Ben Farrow | |
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Singer Capital Markets (Joint Broker) | +44 (0) 20 7496 3000 |
Tom Salvesen / Jen Boorer / Alex Emslie |
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Buchanan | +44 (0) 20 7466 5000 |
Mark Court / Toto Berger / Abigail Gilchrist | |
SDG@buchanan.uk.com |
Notes for editors:
About Sanderson Design Group
Sanderson Design Group PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives licensing income from the use of its designs on a wide range of products such as bed and bath collections, rugs, blinds and tableware.
Sanderson Design Group's brands include Zoffany, Sanderson, Morris & Co., Harlequin, Scion, Clarke & Clarke and Archive by Sanderson Design.
The Company has a strong UK manufacturing base comprising Anstey wallpaper factory in Loughborough and Standfast & Barracks a fabric printing factory, in Lancaster. Both sites manufacture for the Company and for other wallpaper and fabric brands.
Sanderson Design Group employs approximately 600 people, and its products are sold worldwide. It has showrooms in London, New York, Chicago, Amsterdam and Dubai.
Sanderson Design Group trades on the AIM market of the London Stock Exchange under the ticker symbol SDG.
For further information please visit: www.sandersondesigngroup.com