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Non-Tech : Candies (CAND) -- fast-growing footwear and apparel brand -- Ignore unavailable to you. Want to Upgrade?

To: Qualopec who wrote (45)	10/9/1998 10:12:00 PM
From: James Strauss	Respond to of 103

The whole shoe retailing area is under pressure... Also, talk of recession is weighing on the sector... Jim

To: Qualopec who wrote (45)	10/12/1998 4:45:00 PM
From: Teddy	Read Replies (1) \| Respond to of 103

Unzipped: i like this idea. This stock could be worth a lot of money someday. I don't know when. October 12, 1998 Candie's, Inc. Executes Joint Venture Agreement for Candie's(R) and Bongo(R) Apparel PURCHASE, N.Y., Oct. 12 /PRNewswire/ -- Candie's, Inc. (Nasdaq: CAND) ("Candie's") announced today that it has established a joint venture with privately held Sweet Sportswear LLC ("Sweet"), an affiliate of Azteca Production International, Inc. ("Azteca"), to market and distribute women's and girls' apparel under the Candie's(R) and Bongo(R) labels. Candie's and Sweet each have a fifty percent (50%) stake in the joint venture, named Unzipped Apparel, LLC ("Unzipped"). Under the terms of the joint venture, Candie's will license its Candie's trademark and the recently acquired Bongo trademark to Unzipped for their use in the design, manufacture and sale of apparel products. Candie's will be responsible for the selling, design, marketing and merchandising and Sweet will provide its expertise in the areas of product development, manufacturing, distribution, operations and administration. Unzipped is currently marketing Bongo jeanswear and will be delivering merchandise to retailers for the Spring 1999 selling season. Candie's jeanswear will initially be offered for the Fall 1999 selling season in conjunction with the launch of a line of Candie's fragrances and cosmetics produced by Liz Claiborne Cosmetics. In commenting on the transaction, Neil Cole, Chairman of Candie's and Unzipped stated, "We are excited at the opportunity of adding apparel to our growing footwear, accessory and cosmetic lines. We are extremely proud to be partnered with Azteca, one of the foremost manufacturers and distributors of apparel and jeanswear products. Combined with Azteca, we believe we will become a formidable supplier of superior quality apparel products backed with innovative design and marketing, operational execution and a management team of experienced professionals," Mr. Cole concluded. Candie's, Inc. is a designer and marketer of casual/fashion footwear, apparel and accessories. The Company distributes the Candie's brand to better department and specialty stores nationwide as well as to a growing number of international territories. In addition to its flagship brand, Candie's markets its products under Designer Candie's, Candie's Kids, Bongo, No Excuses, Crayons and retailers' private labels. Additionally, the Candie's brand is licensed to Liz Claiborne, Inc. for its use in the design, manufacture and distribution of fragrances and cosmetics.