LOS ANGELES--(EON: Enhanced Online News)--Differential Brands Group Inc. (the “Company”) (NASDAQ:DFBG) today announced the appointment of Tom Nevell as Executive Vice President of Business Development, effective November 28, 2016. Based in Seattle, he will report to Michael Buckley, Chief Executive Officer, and be responsible for expanding the Company’s Robert Graham, Hudson and SWIMS brands with strategic partners.
“I am excited to be joining the Differential Brands team and to be working with the strong teams at Robert Graham, Hudson, and SWIMS. I believe there is an opportunity to achieve meaningful growth in each of these premium brands as we expand our presence in North America.”
Mr. Nevell has more than 22 years of experience in the retail industry. He spent over 20 years in various roles within the Nordstrom organization, most recently as Brand Manager of Men’s Clothing and Furnishings, where he was responsible for brand design and product development, as well as sales. Mr. Nevell also held a variety of management positions within Nordstrom including Retail Director of Men’s Sportswear, Divisional Merchandise Manager for Men’s, and Store Manager at Mall of America. Mr. Nevell holds a B.A. from Northern Illinois University.
Mr. Buckley commented, “We are delighted to welcome Tom to the Differential Brands team. Tom is a talented merchant with extensive retail industry experience. He brings a wealth of knowledge to our company, particularly in merchandising, buying, and strategic business development, which will be invaluable to Differential Brands’ growth. Importantly, he has a long track record of success at Nordstrom, and we believe he will provide strong brand guidance for our Robert Graham, Hudson, and SWIMS businesses. I look forward to working closely with Tom as we further focus our efforts on the wholesale relationships to grow our businesses over the long-term.”
Mr. Nevell said, “I am excited to be joining the Differential Brands team and to be working with the strong teams at Robert Graham, Hudson, and SWIMS. I believe there is an opportunity to achieve meaningful growth in each of these premium brands as we expand our presence in North America.”
About Differential Brands Group
Differential Brands Group Inc. (NASDAQ: DFBG) is a platform that focuses on branded operating companies in the premium apparel, footwear and accessories sectors. Our focus is on organically growing our brands through a global, omni-channel distribution strategy while continuing to seek opportunities to acquire accretive, complementary, premium brands.
Our current brands are Hudson®, a designer and marketer of women’s and men’s premium, branded denim and apparel, Robert Graham®, a sophisticated, eclectic apparel and accessories brand seeking to inspire a global movement, and SWIMS®, a Scandinavian lifestyle brand best known for its range of fashion-forward, water-resistant footwear, apparel and accessories. For more information, please visit Differential's website at: www.differentialbrandsgroup.com.
This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The matters discussed in this news release involve estimates, projections, goals, forecasts, assumptions, risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. All statements in this news release that are not purely historical facts are forward-looking statements, including statements containing the words “may,” “will,” “expect,” “anticipate,” “intend,” “estimate,” “continue,” “believe,” “plan,” “project,” “will be,” “will continue,” “will likely result” or similar expressions. Any forward-looking statement inherently involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to: the anticipated benefits of the RG Merger and acquisition of SWIMS on the Company’s financial results, business performance and product offerings; the Company’s ability to successfully integrate the Company’s brands and realize cost savings and any other synergy; the risk that the credit ratings of the combined company or its subsidiaries may be different from what the Company expects; continued acceptance of our product, product demand, competition, capital adequacy, general economic conditions and the potential inability to raise additional capital if required; the risk that the Company will be unsuccessful in gauging fashion trends and changing customer preferences; the risk that changes in general economic conditions, consumer confidence, or consumer spending patterns will have a negative impact on the Company’s financial performance; the highly competitive nature of the Company’s business in the United States and internationally and its dependence on consumer spending patterns, which are influenced by numerous other factors; the Company’s ability to respond to the business environment and fashion trends; continued acceptance of the Company’s brands in the marketplace; and other risks. The Company discusses certain of these factors more fully in its additional filings with the SEC, including its annual report on Form 10-K for the fiscal year ended November 30, 2015 and subsequent quarterly reports on Form 10-Q filed with the SEC, and this release should be read in conjunction with those reports, together with all of the Company’s other filings, including current reports on Form 8-K, through the date of this release. The Company urges you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this release.
Any forward-looking statement is based on information current as of the date of this document and speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update these statements to reflect events or circumstances after the date on which such statement is made. Readers are cautioned not to place undue reliance on forward-looking statements.