Altair and bebe stores, inc. Sign New License Agreement for Optical and Sunwear
bebe by Altair launches at 2010 Vision Expo West
Rancho Cordova, Calif., August 30, 2010 - Altair® and bebe stores, inc. (NASDAQ: BEBE), a leading specialty store retailer of contemporary women’s apparel and accessories, today announced a worldwide license agreement for the design and distribution of sunglasses and ophthalmic eyewear.
The initial term of the agreement is for six years with a five-year renewal option. The first collection will launch for Altair accounts in October featuring a capsule collection of optical and sunwear styles.
“We are very pleased about bebe’s partnership with Altair whose exceptional optical products align perfectly with the bebe aesthetic,” said Manny Mashouf, Founder and CEO, bebe stores, inc “with this new partnership we will significantly increase bebe’s brand reach into the increasingly important eyewear category.”
Under the worldwide license agreement, bebe eyewear will be available through independent eyecare professionals and the sunwear collection through bebe stores, bebe.com, optical retailers, and leading specialty and department stores internationally and throughout the United States and Canada.
“By adding bebe to Altair’s brand portfolio, VSP doctors and independent retailers benefit from the loyal following of an incredibly powerful brand,” said Steve Wright, President of Altair. “bebe’s hip and sophisticated look is a perfect complement to our current women’s collections and bebe eyewear will give the consumer the cutting-edge trends she demands.”
bebe stores, inc. designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp, 2b bebe and PH8 brand names. bebe currently operates 292 stores, of which 213 are bebe stores, 42 are PH8 stores, 36 are 2b bebe stores and 1 is a bebe accessories store. These stores are located in the United States, U.S. Virgin Islands, Puerto Rico and Canada. In addition, there is an online store at www.bebe.com. Internationally, there are 52 stores in 14 countries.
Altair® supports independent eyecare professionals with advanced eyewear technologies and distinctive brands including Tommy Bahama®, Joseph Abboud®, JOE Joseph Abboud®, Sigrid Olsen, and Revlon® distributed to upscale optical retailers and department stores across the U.S.
Altair is a division of Marchon® Eyewear, a VSP Globalsm company. Visit altaireyewear.com for more information.