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Everlast Worldwide signs agreement with WS Sports

26
Apr '06
Apparel maker Everlast Worldwide Inc has signed a licensing agreement with Manila-based WS Sports Inc to manufacture and distribute Everlast-branded men's, women's and children's apparel, footwear, underwear and socks in the Philippines.

The new products are expected to be introduced by the fourth quarter of this year.

Seth Horowitz, Chairman, President and CEO of Everlast Worldwide, said, "The Philippines represent a high growth and relatively untapped market for Everlast. Given the island nation's heritage in the martial arts, and recent success in championship boxing, the Everlast brand name holds special meaning for its citizens and enjoys a high degree of consumer awareness.”

“In addition to unparalleled knowledge of the sports apparel and footwear markets, WS Sports possesses many strengths, particularly in the areas of design, distribution and marketing and has a tremendous commitment to quality. We look forward to a successful launch of their Everlast products," Seth said.

Chim Esteban, President of WS Sports Inc, added, "The Everlast brand has achieved what many brands strive for but few accomplish, namely an international reputation for quality and a universal appeal. We are also particularly impressed with the company's management team and its commitment to expand the brand in a controlled and highly strategic way as well as its deployment of highly impactful marketing and brand-building efforts."

Everlast Worldwide Inc manufactures, markets and licenses sporting goods, apparel and active lifestyle products under the Everlast brand name. It is the market leader in nearly all of its product categories, responsible for leading eight of the top ten boxing equipment products in sales.

Everlast Worldwide Inc


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