SYBR : PHS to sell designer brand luxury goods to Costco
10 Feb '06
1 min read
General merchandiser Synergy Brands Inc informed that PHS Group, a wholly owned subsidiary of Synergy Brands (SYBR) has commenced selling designer luxury goods to Costco.
PHS has started to explore the importation of luxury products from Europe in the middle of FY 2006. It has secured supply specifically designated for Costco's use.
PHS believes that the Designer Luxury goods, which include handbags, wallets, briefcases, and Eyewear, among others, is a fast growing category that Mass Merchandisers can benefit from.
PHS will comply with all requests made by its vendors for the effective distribution of these goods and is bound by restriction in the event that it does not comply.
Chicago based Synergy Brands distributes promotional brand-name grocery, cigars, general merchandise and health and beauty products.
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