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Odd Molly International AB (publ)
Stockholm, May 26, 2009
Odd Molly has developed clothing for women since 2002, successfully establishing its brand in some 40 countries worldwide. During the past year, the company initiated licensing partnerships within the eyewear and skincare product groups. Odd Molly has now chosen to enter the menswear segment to meet the current demand for masculine, casual and personal men’s clothing. The launch of Odd Molly’s first menswear collection in selected markets is planned for autumn 2010.
"After seven years in women’s clothing, we are ready to enter the menswear segment. We have an experienced and competent organization and a business model that includes selected agents, which enables us to efficiently establish a global presence ¬- but we plan to begin cautiously, launching our products in a few markets next year," says Christina Tillman, President of Odd Molly.
During the first stage of its menswear venture, Odd Molly will develop a small collection under a proprietary brand, which will be launched in cooperation with a selection of the company’s existing agents. The company will also evaluate new partners that have successfully established contacts in the menswear segment.
"Our experience tells us that there is considerable demand for casual men’s clothing with a personal design. At the same time, this is a new target group for Odd Molly. But if we are successful in this segment, men and boys tend to show greater brand loyalty as a target group than women and girls," says Christina Tillman.
As with the Odd Molly’s women’s collections, all design and product development will be performed by the company itself. The organization will gradually be expanded to include a small staff of experienced employees in the areas of design, purchasing and sales to manage the initial development work that will commence in autumn 2009.
For further information, please contact:
Christina Tillman, President, phone +46-8-522 28 502 or +46-733-10 60 00 or e-mail email@example.com