News Flash

Maidenform Brands' BOD approves $20m share repurchase program

09 Feb '06

4 min read

Maidenform plans to build and grow its brands in 2006 and beyond through continued innovation and technology.

In 2006, wholesale segment net sales growth in the department stores/national chain stores channel will primarily be due to the initiatives noted above, in addition to growth in international markets particularly in Canada and Russia.

CEO Thomas Ward of Maidenform stated, "Our team accomplished a great deal in 2005. We launched the Dream franchise, achieved 13 percent net sales growth, exited internal manufacturing and moved to 100 percent sourcing, became a public company, refinanced our outstanding debt at significantly lower rates and paid down $22.5 million of debt.”

In conclusion, Ward said, "The announced share repurchase program approved by the Board also clearly demonstrates our belief in the company and its ability to enhance value for shareholders."

Maidenform Brands Inc is a global intimate apparel company with a portfolio of established and well-known brands, top-selling products and an iconic heritage. It designs, sources and markets an extensive range of intimate apparel products, including bras, panties and shapewear.

Maidenform Brands Inc

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