Enesco (NYSE:ENC)
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From Oct 2019 to Oct 2024
Enesco Group, Inc., (NYSE:ENC) a leader in the giftware,
and home and garden decor industries, recently launched Disney
Impressions, a new Disney brand developed specifically for the U.S.
marketplace. The Disney Impressions collection showcases Disney
characters as they celebrate special occasions and everyday moments.
The Company also is working with Disney Consumer Products to develop
home decor and garden products, general gifts and other decorative
accessories for both the U.S. and international markets.
Under the Disney Impressions umbrella, brands currently available
from Enesco include "Pooh & Friends," "Mickey & Friends" and "Disney &
Me," which are gift and decorative accessory lines targeted for the
mid-tier specialty gift retailers. Enesco is expanding its product
offering to include home decor and gift products based on Mickey and
Standard Characters, Classic Film Characters, Disney Princess and
Disney's Winnie the Pooh. The product mix includes general gift,
occasion-themed, and home decor products targeted for distribution in
mid-tier and specialty gift retailers. Products included under the
Disney Impressions umbrella range in price from $7.50 to $75 SRP at
specialty retailers nationwide.
"We are very pleased to enhance our current Disney offerings in
the mass market, mid-tier and specialty channels," said Cynthia
Passmore-McLaughlin, president and CEO of Enesco. "With the Disney
Impressions brand, Enesco has an opportunity to introduce a new Disney
portfolio to a variety of distribution channels in the U.S. and around
the world."
Enesco's new Disney products are available for immediate shipment.
Retailers may call 1-800-4-ENESCO for more information or to place an
order.
About Enesco Group, Inc.
Enesco Group, Inc. is a world leader in the giftware, and home and
garden decor industries. Serving more than 30,000 customers globally,
Enesco distributes products to a wide variety of specialty card and
gift retailers, home decor boutiques, as well as mass-market chains
and direct mail retailers. Internationally, Enesco serves markets
operating in the United Kingdom, Canada, Europe, Mexico, Australia and
Asia. With subsidiaries located in Europe and Canada, and a business
unit in Hong Kong, Enesco's international distribution network is a
leader in the industry. The Company's product lines include some of
the world's most recognizable brands, including Border Fine Arts,
Bratz, Circle of Love, Foundations, Halcyon Days, Heartwood Creek, Jim
Shore Designs, Lilliput Lane, Nickelodeon, Pooh & Friends, Walt Disney
Classics Collection, and Walt Disney Company, among others. Further
information is available on the Company's web site at www.enesco.com.
This press release contains forward-looking statements, which
reflect management's current assumptions and beliefs and are based on
information currently available to management. The Company has tried
to identify such forward-looking statements by use of such words as
"expects," "intends," "anticipates," "could," "estimates," "plans,"
and "believes," and similar expressions, but these words are not the
exclusive means of identifying such statements. Such statements are
subject to various risks, uncertainties and other factors, which could
cause actual results to vary materially from those anticipated,
estimated, expected or projected. Important factors that may cause
actual future events or results to differ materially and adversely
from those described in the forward-looking statements include, but
are not limited to: the Company's success in implementing its
comprehensive plan for operating improvement and achieving its goals
for cost savings and market share increases; the Company's success in
developing new products and consumer reaction to the Company's new
products; the Company's ability to secure, maintain and renew popular
licenses, particularly our Cherished Teddies, Disney and Heartwood
Creek licenses; the Company's ability to grow revenues in mass and
niche market channels; the Company's ability to comply with covenants
contained in its credit facility; the Company's ability to obtain a
new global senior credit facility; changes in general economic
conditions, as well as specific market conditions; fluctuations in
demand for our products; manufacturing lead times; the timing of
orders and shipments and our ability to predict customer demands;
inventory levels and purchase commitments exceeding requirements based
upon incorrect forecasts; collection of accounts receivable; changes
in the regulations and procedures affecting the importation of goods
into the United States; changes in foreign exchange rates; price and
product competition in the giftware industry; variations in sales
channels, product costs or mix of products sold; and, possible future
terrorist attacks, epidemics, or acts of war. In addition, the Company
operates in a continually changing business environment and does not
intend to update or revise the forward-looking statements contained
herein, which speak only as of the date hereof. Additional information
regarding forward-looking statement risk factors is contained in the
Company's reports and filings with the Securities and Exchange
Commission. In light of these risks and uncertainties, the
forward-looking statements contained herein may not occur and actual
results could differ materially from those set forth herein.
Accordingly, you should not rely on these forward-looking statements
as a prediction of actual future results.