ARLINGTON, Texas -- Tandy Brands Accessories (Nasdaq: TBAC) announced that it completed its purchase of certain strategic assets from Chambers Belt Company today. As previously announced, the assets Tandy Brands acquired include existing inventory and related ed hardy clothing sales, manufacturing assets in Mexico, and intellectual property including the rights to the Chambers name. Financial terms of the acquisition were not disclosed.
About Tandy Brands Accessories, Inc.
Tandy Brands Accessories, Inc. designs and markets fashion accessories for men, women and children. Key product categories include belts, wallets, handbags, suspenders, gifts sporting goods and eyewear. Merchandise is sold under various national brand names as well as Stainless Steel Bangle private labels to all major levels of retail distribution, including the e-commerce web sites for Rolfs锟?at and Sport Beads at .
Safe Harbor Language
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ
embroidered patches materially from forecasted or expected results. Those risks include, among other things, the competitive environment in the industry in general and in the Company's specific market areas, inflation, changes in costs of goods and services and economic conditions in general and in the Company's specific market area. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission.
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