Total Luxury Group Inc announced that they have reached an agreement in principle and are in the final stages of negotiation of a license agreement with Castle Hill Apparel Inc for the worldwide master licenses for the young men's labels YMLA and Y-Chrome.
With a 12 year history, YMLA and Y-Chrome are established trend resources in Young Men's apparel business. Specializing in knits and woven tops, these brands have been featured at major retailers such as Federated Department Stores, Mervyns, Kohl's and Stage Doors.
Over the past 2 years, sales have averaged approx. 5 Million Dollars per year. With the support of Total Luxury Group, the company expects to achieve significant growth in sales and product categories.
In order to further develop the young men's business the company has established a wholly owned subsidiary by the name of Y-Brands Inc. This division will assume and develop the worldwide exclusive master-license for the popular trademarks YMLA and Y-Chrome, including actively seeking out promotional opportunities and licensing deals for YMLA and Y-Chrome branded products in other related categories.
Total Luxury Group Inc, which currently holds a distributorship agreement for MCM, AG, has been seeking additional opportunities within the consumer products industry, for acquisition of companies that have a proven management team, and desirable products or services.
In May 2006, Total Luxury Group Inc acquired International Apparel Group Inc, an apparel holding company that through its subsidiary companies manufactures and sells apparel to major retailers and distributors around the world.
