Tandy, Sharper Image Ink License Deal

TWICE Staff -- TWICE, 10/6/2011

New York - Tandy Brands Accessories announced today that it has entered into a multiyear licensing agreement to manufacture and market products under the Sharper Image brand.

The agreement covers connectivity accessories such as charging docks and portable computer peripherals as well as travel accessories. Tandy said it expects to drive incremental distribution in a number of wholesale channels, including national retail and department stores, clubs and specialty stores. Both organizations expect to see an incremental impact in their business in calendar year 2012, particularly during the 2012 holiday season.

"We are quite pleased to have a new licensee partner in Tandy Brands Accessories," said Sharper Image senior VP Federico de Bellegarde. "Tandy Brands has the product development capabilities and strong retail relationships necessary for successful product launches."

"The Sharper Image brand is renowned as a leading source of exciting, innovative, high-quality products that make life more enjoyable," said Rod McGeachy, Tandy CEO. "This new license agreement is a significant win for Tandy Brands. The addition of this license helps us accomplish our two strategic objectives of increasing the mix of our business that is branded and diversifying our revenue base by growing with non-mass merchant customers."