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New York & Company to change name to RTW Retailwinds

16
Nov '18
Courtesy: New York & Company
Courtesy: New York & Company
New York & Company, Inc., one of the largest omni-channel women’s specialty retailers, has announced that it will change its name to RTW Retailwinds, Inc., to be effective November 19, 2018, onwards. The company’s common stock will begin trading under the new name on the New York Stock Exchange as of the opening of trading on November 20, 2018.

In celebration, RTW Retailwinds, Inc. is scheduled to ring the Opening Bell at the NYSE. In connection with the name change, the Company’s ticker symbol for its shares of common stock will change to 'RTW' and the CUSIP number for the company’s common stock will change to 74980D 100, each as of the effective time, New York & Company said in a press release.

"Our company has evolved into one of the largest specialty women’s omni-channel and digitally enabled retailers with a powerful multi-brand lifestyle platform poised for growth. RTW reflects our vision to maximise the power of our platform to create destination celebrity and lifestyle brand assortments across categories and channels. We move forward strongly positioned to continue our expansion of NY&Co, expanding celebrity brands with the upcoming launch of Kate Hudson and entering intimate apparel – a core competency of our team. We are excited about our future and ability to continue to drive value creation for all RTW shareholders," Greg Scott, chief executive officer, said.

The company’s portfolio includes New York & Company, Fashion to Figure, and branded merchandise, including collaborations with Eva Mendes, Gabrielle Union and Kate Hudson. The name change will not affect the rights of the company’s stockholders, creditors, customers or suppliers. No action is required to be taken by current shareholders in connection with the name and ticker change, and no change has been made to the company’s share capital, the release added. (RR)

Fibre2Fashion News Desk – India


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