News Flash

Marchpole Holding's Annual General Meeting statement

12 Sep '06

3 min read

Our JCC brand continues to build on progress with expanded reach and increase in licensing income which has more than doubled since acquisition.

In May 2006, we signed an agreement with global childrenswear retailer OKAIDI Group to develop a range of childrenswear under the JCC brand.

This licence provides us with a foothold in the childrenswear market, which we believe is an area that offers considerable opportunity for growth.

In June we signed a contract with Galleries Lafayette to open a JCC 'shop-in-shop' in the landmark Galleries Lafayette department store on Boulevard Hausman in Paris.

Clothes and accessories from the JCC range have been sold in the iconic store since July 2006 and current trading is encouraging.

In addition an agreement with leading European eyewear retailer Codir SA resulted in the launch of a Castelbajac eyewear range.

During the last year we also extended our design agreement and increased licence income with our Japanese partner, Itochu, for a further six years until 2011 which enables us to maximise the potential for the JCC brand in the lucrative Japanese market.

Earlier this month we opened our Japanese flagship store in Kobe, to be followed by a Tokyo JCC store in the near future.

Application will be made to the UK Listing Authority for the new ordinary shares to be admitted to the Official List and to be admitted to trading on the London Stock Exchange and it is expected that dealings in the new ordinary shares will commence on 18 September 2006.

Marchpole Holding Plc

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