Victory's L&M Resources to distribute Reebok Retro Sports Tee Shirt line
23 Jul '05
2 min read
Los Angeles based leading publicly Trade Company Victory Capital Holdings Corporation announced it wholly owned subsidiary, L&M Resources Inc, has acquired the sales and distribution rights for the Reebok Retro Sports Tee Shirt line for all of Mexico and South America.
Victory Capital Holdings Corporation announced its wholly owned subsidiary, L&M Resources Inc., has acquired the sales and distribution rights for the Reebok Retro Sports Tee Shirt line for all of Mexico and South America.
"This sales and distribution agreement is an important step for L&M Resources as it gives company a fresh line of products that are internationally recognized and smartly positioned in a fast growing market segment. Vintage looking apparel is hot, and they have aligned ourselves with a manufacturer that is aggressively marketing and promoting this niche," stated Martin Barrack, President of L&M Resources Inc.
"This first agreement opens the door for additional territories and the start of a long term business relationship. Over the many years of operating in this industry, company have made dozens of key contacts with sales and manufacturing groups around the world with whom they can now start working to produce and market a variety of lines of apparel."
L&M is conservatively forecasting $2 million in sales in these markets in the first 12 months with orders commencing in the next few weeks. L&M is further revising its first year total sales revenue upwards to $6 million.
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