RCS - Sanderson Design Grp - Licensing agreement with Ruggable

Sanderson DesignAnnouncement

21/12/2022 07:00

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RNS Number : 3765K  Sanderson Design Group PLC  21 December 2022

 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 (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

 Investec Bank plc (Nominated Adviser and Joint Broker)  +44 (0) 20 7597 5970
 David Anderson / Alex Wright / Ben Farrow

 Singer Capital Markets (Joint Broker)                   +44 (0) 20 7496 3000
 Tom Salvesen / Jen Boorer / Alex Emslie

 Buchanan                                                +44 (0) 20 7466 5000
 Mark Court / Toto Berger / Abigail Gilchrist
 SDG@buchanan.uk.com (mailto: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
(http://www.sandersondesigngroup.com)

 

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