SANDERSON DESIGN GROUP
PLC
("Sanderson Design Group", the "Company" or the
"Group")
Renewal and expansion of
licensing agreement with Blinds 2go
Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group,
is pleased to announce the renewal and expansion of its licensing
agreement with Blinds 2go, the e-commerce business selling
made-to-measure blinds, curtains and shutters online. Blinds 2go is
part of Hunter Douglas Group, one of the world's largest window
coverings companies.
The agreement covers a number of the
Company's brands and has been expanded into an umbrella agreement
focused on driving international sales. Geographic territories in
the agreement are dependent on individual brands and include the
UK, Europe, Scandinavia, Japan, Australasia and the USA, a key
target market for the Group.
Accelerated licensing income of £1.1
million will be recognised by the Group in the current financial
year in respect of the agreement, reflecting agreed minimum
guaranteed revenues.
Products covered in the agreement
include roller blinds, Roman blinds and curtains and the three-year
agreement is backdated to start on 1 November 2023.
Alison Gore, Global Creative Director at Hunter Douglas's
eComm division, said: "We are
delighted to announce the further extension of our licensing
agreement with Sanderson Design Group. Since our collaboration
began in 2014 it has been a journey marked by creativity,
innovation, and shared success. We are excited to continue to build
on this fruitful partnership, bringing exceptional designer window
coverings online to our customers worldwide and look forward to
continuing to build on the partnership as we continue to drive our
ambitious growth plans into the future."
Lisa Montague, Sanderson Design Group's Chief Executive
Officer, said: "Blinds 2go is one of
our core licensing partners and a highly successful business. We
are therefore delighted to sign this three-year renewal agreement
covering a number of our brands in multiple regions
internationally. The target regions are dependent on brand but
include the USA, a key strategic focus for the Group. We have a
long working relationship with Blinds 2go and look forward to
collaborating with them on the design transfer and development of
these new window-covering products."
For
further information:
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Sanderson Design Group PLC
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c/o Buchanan +44 (0) 20 7466
5000
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Lisa Montague, Chief Executive
Officer
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Mike Woodcock, Chief Financial
Officer
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Investec Bank plc (Nominated Adviser and Joint
Broker)
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+44 (0) 20 7597
5970
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David Anderson / Ben
Farrow
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Singer Capital Markets (Joint Broker)
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+44 (0) 20 7496
3000
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Tom Salvesen / Jen Boorer / James
Todd
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Buchanan
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+44 (0) 20 7466
5000
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Mark Court / Sophie Wills /
Toto Berger / Abigail Gilchrist
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SDG@buchanan.uk.com
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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, Clarke
& Clarke and Scion.
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 and
Amsterdam.
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
