Differential Brands Group Names Maria Borromeo President of Hudson Jeans
LOS ANGELES--(BUSINESS WIRE)-- Differential Brands Group Inc. (NASDAQ:DFBG), a portfolio of global consumer brands comprised of Hudson Jeans, Robert Graham and SWIMS, today announced that Maria Borromeo has been named President of Hudson Jeans.
“We are thrilled to welcome Maria Borromeo to Hudson Jeans. Ms. Borromeo brings strategic leadership and experience with a record of success of growing and presiding over a brand from its inception,” commented Michael Buckley, Chief Executive Officer of Differential Brands Group. “Under Maria’s leadership, we look forward to maximizing the growth potential for Hudson not only through implementation of a strategic vision that aligns with the core Hudson culture and values, but also capitalizing on new product and marketing initiatives and strengthening the brand’s digital and direct-to-consumer strategy.”
Prior to joining Hudson, Ms. Borromeo was the Co-founder and Chief Executive Officer of Thakoon, LLC, a global luxury brand. Ms. Borromeo successfully led all aspects of the business’s development, culminating in its acquisition and shift to a direct-to-consumer model with Silas Chou’s Bright Fame Fashion. Ms. Borromeo devised and executed the long-term strategic vision for the brand while creating significant value by driving a steady and consistent growth trajectory. Prior to Thakoon, Ms. Borromeo worked with other leading global brands including Alexander McQueen and Etro.
Ms. Borromeo stated, “I’m excited to join the team at Hudson and contribute to its future success. It’s a privilege to join such a seasoned brand and to continue to build upon the vision of Peter Kim, its founder. I’m eager to bring all of my experience and energy to further the company’s prestige while tapping into the resources of Differential Brands Group to evolve the business model and strategically position Hudson as a world-class brand in the context of today’s global market.”
Mr. Kim commented, “I’m excited with the hire of Maria for the Hudson brand. I believe Maria’s extensive background with global luxury brands will be invaluable as we execute not only on our strategic growth plans, but also on pioneering an evolved business model that addresses a rapidly changing retail environment and speaks to today’s and tomorrow’s consumer. I look forward to partnering with her and the rest of the Hudson and Differential team to position ourselves as a global lifestyle 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-friendly 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: 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, 2017 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.
Differential Brands Group Inc.
Chief Financial Officer
Source: Differential Brands Group Inc.
Released May 16, 2018