REG - Sanderson Design Grp - Major Licensing Agreement with Habitat and Tu

Sanderson DesignAnnouncement

30/03/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230330:nRSd6833Ua&default-theme=true

RNS Number : 6833U  Sanderson Design Group PLC  30 March 2023

 For immediate release
                                                           30 March
                        2023

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

 

Major Licensing Agreement with Habitat and Tu

 

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and
furnishings group, is pleased to announce a major licensing agreement with J
Sainsbury plc in which the supermarket group's Habitat homewares brand and Tu
clothing brand will develop a wide range of licensed products in collaboration
with the Group's Morris & Co. and Scion brands.

This agreement marks the first time that the Company has collaborated with
Sainsbury's.

Habitat will launch homeware products featuring exclusive designs and
colourways from the Morris & Co. and Scion brands. The Scion products
under this collaboration will launch in spring next year and the Morris &
Co. products  the following autumn.

Tu is one of the UK's largest online clothing retailers, sold through
tu.co.uk, argos.co.uk and in selected Sainsbury's stores. Tu will collaborate
with the Scion brand to develop womenswear and children's clothing ranges for
launch in the spring of next year.

 

Lisa Montague, Sanderson Design Group's Chief Executive Officer, said: "We are
delighted to sign this significant licensing agreement with the major retailer
Sainsbury in which our Morris & Co. and Scion brands will collaborate with
Sainsbury's Habitat and Tu brands on an exciting range of homewares and
clothing. Both Habitat and Tu have substantial distribution throughout the UK,
both in store and online, with Tu being one of the UK's largest online
clothing retailers.The first products from this multi-year agreement will be
launched in the spring of next year and we look forward to working closely
with Habitat and Tu on the product development.

"Today's announcement marks the second major licensing agreement that we have
signed this year, demonstrating the strength of our brands and collaborative
capabilities along with the attractive financial contribution that licensing
delivers for the Group."

 

Paula Nickolds, General Merchandise Commercial Director, Sainsbury's said:
"Habitat and Tu are both design-led brands, so our collaboration with
Sanderson to bring customers products featuring iconic prints and colourways
from Morris & Co. and Scion feels a natural fit. We are always looking for
more ways to offer our customers a range of designs at affordable prices and
we are confident they will love the products we've come together to create."

 

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)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRBRGDXIGDDGXC