– Mr. Howard to Lead LXRandCo's Retail Network Expansion Internationally
–
MONTREAL, Sept. 5, 2017 /CNW/ - LXRandCo, Inc.
("LXRandCo" or the "Company") (TSX: LXR, LXR.WT), an international omni-channel retailer of branded vintage luxury
handbags and accessories, today announced international retailing veteran Todd Howard has been
appointed Executive Vice President Global Business Development.
"I am proud to welcome Todd, a veteran of the retail industry, to the growing international LXRandCo team," said Fred Mannella, Chief Executive Officer, LXRandCo. Inc. "Todd is a proven business builder, having
successfully led major expansions of high profile retail brands within North America and
globally. His breadth and depth of experience and relationships throughout the global retail industry will be invaluable as
we aggressively pursue expansion of our retail network internationally with both existing and new partners."
"Todd brings the kind of experience and industry knowledge that will enable LXRandCo to continue to forge the relationships to
deliver our stated goals and beyond," added Joe Mimran, LXRandCo Director and Chair of the
International Business Development Committee. "It is a powerful endorsement of the tremendous potential that the vintage
luxury re-commerce industry represents."
Prior to joining LXRandCo, Todd was co-CEO of Buffalo David Bitton where he led the company's transformation from a niche
brand to a global powerhouse in denim and sportswear for both men and women. Mr. Howard's responsibilities included all aspects
of sales, merchandising, logistics and supply chain management. Prior to Buffalo, Mr. Howard was president of NYDJ where he
managed the company's global expansion, as well as a retargeting of the brand and development of a speed-to-market model that is
unmatched in a global wholesale business. During his tenure, NYDJ became one of the top wholesale denim businesses in the
world. Mr. Howard also served as a division president with Tommy Hilfiger Corporation during its period of record setting
growth. At Tommy Hilfiger, he launched, reorganized and guided 19 different divisions with aggregate sales of more than
US$800 million.
About LXRandCo
LXRandCo is a rapidly growing, international omni-channel retailer of branded vintage luxury handbags and accessories.
LXRandCo sources and authenticates high quality pre-owned products and sells them through: a retail network of stores located in
major department stores in Canada, the United States and
Europe; wholesale operations primarily in the United States;
and its own e-Commerce website, www.lxrco.com. LXRandCo offers pre-owned
products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others, at
attractive prices and seeks to appeal to the aspirational lifestyle needs of women and men of all ages.
Caution Regarding Forward-Looking Statements
Certain statements in this press release are prospective in nature and constitute forward-looking information and/or
forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking statements").
Forward-looking statements generally, but not always, can be identified by the use of forward-looking terminology such as
"outlook", "objective", "may", "could", "would", "will", "expect", "intend", "estimate", "forecasts", "project", "seek",
"anticipate", "believes", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events and the
negative of any of these terms. Forward-looking statements in this news release include, but are not limited to, statements
concerning future objectives and strategies to achieve those objectives, including, without limitation, store openings, as well
as other statements with respect to management's beliefs, plans, estimates and intentions, and similar statements concerning
anticipated future events, results, outlook, circumstances, performance or expectations that are not historical facts.
Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information
currently available to management, which includes assumptions about continued revenues based on historical past performance,
management's historical experience, perception of trends and current business conditions, expected future developments and other
factors which management considers appropriate. With respect to the forward-looking statements included in this press release,
management has made certain assumptions with respect to, among other things, the Company's ability to meet its future objectives
and strategies, the Company's ability to achieve its future projects and plans and that such projects and plans will proceed as
anticipated, the expected growth of the Company's e-Commerce revenue, the expected number and timing of store openings in
North America and internationally, entering into new and/or expanded retail partnerships in
North America and internationally, the Company's ability to source products, the Company's
competitive position in the vintage luxury industry, and beliefs and intentions regarding the ownership of material trademarks
and domain names used in connection with the marketing, distribution and sale of the Company's products as well as assumptions
concerning general economic and market growth rates, currency exchange and interest rates and competitive intensity.
Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future
circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions
or expectations upon which the forward-looking statements are based will occur.
All forward-looking statements included in and incorporated into this press release are qualified by these cautionary
statements. Unless otherwise indicated, the forward-looking statements contained herein are made as of the date of this press
release, and except as required by applicable law, the Company does not undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events or otherwise.
Readers are cautioned that the actual results achieved will vary from the information provided herein and that such variations
may be material. Consequently, there are no representations by LXRandCo that actual results achieved will be the same in whole or
in part as those set out in the forward-looking statements.
SOURCE LXRandCo, Inc.
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