Differential Brands Group Names Matthew Fior President of Hudson Jeans

LOS ANGELES--()--Differential Brands Group Inc. (NASDAQ:DFBG), a portfolio of global consumer brands comprised of Hudson Jeans, Robert Graham and SWIMS, today announced that Matthew Fior has been named President of Hudson Jeans, effective April 10, 2017.

“I’m excited that Matthew has joined the company and believe his excellent track record and strong industry experience will be invaluable assets as we execute our strategic growth plans. I look forward to partnering with him and the rest of the Hudson team to continue expanding our brand.”

"We are thrilled to welcome Matthew Fior to Hudson Jeans. Matthew will oversee the day-to-day operations of Hudson Jeans, while providing guidance and leadership for the brand’s planned strategic growth working alongside Peter Kim, Hudson Jeans Founder and Vice Chairman,” commented Michael Buckley, Chief Executive Officer of Differential Brands Group. “With an 18-year track record of driving growth, Matthew has a wealth of knowledge and experience as an industry leading merchant. Under his direction, we look forward to maximizing the growth potential for Hudson’s Consumer Direct, International and Licensing channels, executing on our premium omni-channel vision for the future, and capitalizing on the brand’s Wholesale department store and specialty store relationships.”

Before joining Hudson, Mr. Fior held the position of Chief Merchandising Officer at Lucky Brand, where he led the organization to significant sales and profit growth across the Wholesale, Retail, Ecommerce, International and Licensing channels. Mr. Fior re-established the brand’s consumer target and positioning in the marketplace and launched new strategies including product and assortment expansion, and core door productivity, as well as rebuilding and cultivating relationships with the existing and new account base. Previously, Mr. Fior worked with other leading global brands including Levi Strauss & Co. and Gap, Inc.

Mr. Fior stated, "I believe Hudson is uniquely positioned to expand its brand beyond denim to become a true lifestyle brand, and I am thrilled to be joining the organization to spearhead the charge. I look forward to working closely with the Hudson leadership team and the Board of Directors at Differential Brands Group to further build this product-led brand.”

Mr. Kim commented, “I’m excited that Matthew has joined the company and believe his excellent track record and strong industry experience will be invaluable assets as we execute our strategic growth plans. I look forward to partnering with him and the rest of the Hudson team to continue expanding our brand.”

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.

Forward-Looking Statements

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 December 31, 2016 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.

Contacts

Investor Relations:
Differential Brands Group Inc.
Bob Ross, 323-558-5115
Chief Financial Officer

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