REG - Sanderson Design Grp - Renewal of Blinds 2go Licensing Agreement

Sanderson DesignAnnouncement

15/04/2024 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:20240415:nRSO5197Ka&default-theme=true

RNS Number : 5197K  Sanderson Design Group PLC  15 April 2024

 15 April 2024

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:

 Sanderson Design Group PLC                                   c/o Buchanan +44 (0) 20 7466 5000
 Lisa Montague, Chief Executive Officer
 Mike Woodcock, Chief Financial Officer

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

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

 Buchanan                                                     +44 (0) 20 7466 5000
 Mark Court / Sophie Wills / 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, 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
(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  AGRQKBBKOBKDAQD