Sanderson Design Group PLC Licensing agreement with Ruggable

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Sanderson Design Group PLC

21 December 2022

 
 REACH                          21 December 2022 
 

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

Morris & Co. licensing agreement with Ruggable

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, is pleased to announce a new licensing agreement for its Morris & Co. brand with Ruggable LLC, the US-based company that markets machine washable indoor and outdoor rugs and doormats.

This agreement is the second major licensing agreement for the Morris & Co. brand in the USA, following the agreement with US retailer Williams Sonoma for a broad range of tableware, cookware and kitchen accessories, and is in line with the Group's international expansion.

Under the terms of the licensing agreement, Ruggable will develop a range of washable Morris & Co. rugs, cushions and doormats for launch during the first half of next year. The products will be available online at https://ruggable.com and in certain stores in the three territories covered by the agreement, comprising the USA, Canada and Australia.

Lisa Montague, Sanderson Design Group's Chief Executive Officer, said: "We are delighted to sign this licensing agreement with Ruggable for the USA, Canada and Australia. Ruggable's development of machine washable rugs and doormats has given the business a distinct market position which the Morris & Co. brand will further expand. This agreement is the latest in a very positive year for the Group's licensing and collaborative activities, with highlights including the Sanderson collaboration with Disney, the extension of the Morris & Co. agreement with US retailer Williams Sonoma and the extension of the Morris & Co. womenswear agreement with NEXT in the UK and Europe."

For further information:

 
 Sanderson Design Group PLC                 c/o Buchanan +44 (0) 
                                                    20 7466 5000 
 Lisa Montague, Chief Executive Officer 
 Mike Woodcock, Chief Financial Officer 
 Caroline Geary, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Joint Broker)                         [phone] 
 David Anderson / Alex Wright / Ben 
  Farrow 
 
 Singer Capital Markets (Joint Broker)      [phone] 
 Tom Salvesen / Jen Boorer / Alex Emslie 
 
 Buchanan                                   [phone] 
 Mark Court / Toto Berger / Abigail 
  Gilchrist 
 [e-mail] 
 

Notes for editors:

About Sanderson Design Group

Sanderson Design Group PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives licensing income from the use of its designs on a wide range of products such as bed and bath collections, rugs, blinds and tableware.

Sanderson Design Group's brands include Zoffany, Sanderson, Morris & Co., Harlequin, Scion, Clarke & Clarke and Archive by Sanderson Design.

The Company has a strong UK manufacturing base comprising Anstey wallpaper factory in Loughborough and Standfast & Barracks a fabric printing factory, in Lancaster. Both sites manufacture for the Company and for other wallpaper and fabric brands.

Sanderson Design Group employs approximately 600 people, and its products are sold worldwide. It has showrooms in London, New York, Chicago, Amsterdam and Dubai.

Sanderson Design Group trades on the AIM market of the London Stock Exchange under the ticker symbol SDG.

For further information please visit: www.sandersondesigngroup.com

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December 21, 2022 02:00 ET (07:00 GMT)