CAND Candies (MM)

Candie's, Inc., (NASDAQ: CAND) "the Company" announced today it has entered into a long-term worldwide license agreement with Toronto-based, Riviera Concepts, Inc. ("Riviera") for its BADGLEY MISCHKA(R) brand for the development of a signature fragrance. The new scent will launch in 2006, followed by several additional launches that will potentially include a men's fragrance, a bridal fragrance and a host of ancillary products including creams, lotions, soaps, bath products and scented candles. The signature fragrance will be targeted exclusively for select luxury department stores such as Bergdorf Goodman, Neiman Marcus and Saks Fifth Avenue. The alliance with Riviera continues the Company's global expansion strategy for the Badgley Mischka brand and follows previously announced agreements with Groupe JS International for Badgley Mischka Couture, Pronovias USA for Badgley Mischka Bridal, NewMont Group for Badgley Mischka Fur, Franchi Accessories for Badgley Mischka Handbags and Sama Eyewear for Badgley Mischka Eyewear. Commenting on the new partnership, Adrian Ellis, President of Riviera, stated "Badgley Mischka is one of the most prestigious brands in America and we are thrilled to have the opportunity to work with Mark and James and translate their unique sense of glamour to the world of fragrance. We are committed to developing this into a global business with a wide range of luxurious products that reflect the spirit of the Badgley Mischka brand." Mark Badgley and James Mischka stated, "Developing a signature fragrance is one of the most exciting things we can imagine. We are huge aficionados of perfumes and perfume bottles and have wanted to do our own version for years. Modern glamour is the essence of Badgley Mischka and that is exactly what our fragrance will be about." Neil Cole, CEO, Candie's, Inc. stated, "Riviera is an ideal partner with a vision for the brand very closely aligned with that of Mark and James. Riviera has excellent relationships with luxury retailers both domestically and internationally and a very talented sales and marketing team. Badgley Mischka fragrance is a key pillar in our growth strategy and will benefit the brand with significant advertising and marketing exposure." Badgley Mischka is a favorite among Hollywood A-list celebrities such as, Madonna, Catherine Zeta Jones, Jennifer Lopez, Kate Winslet, Sarah Jessica Parker and Ashley Judd as well as the Bush daughters who wore Badgley Mischka gowns to the inaugural balls. About Candie's, Inc. Candie's, Inc. is in the business of licensing the CANDIE'S, BONGO and BADGLEY MISCHKA trademarks on a variety of footwear, apparel and fashion products. Through its wholly owned subsidiary, Brightstar Footwear, Inc., the Company also arranges for the manufacture of footwear products for mass market and discount retailers under the private label brand of the retailer. For investor information please visit the corporate web site at http://www.candiesinc.com. About Riviera Concepts, Inc. Riviera Concepts Inc. is the creator, marketer, manufacturer and distributor of designer fragrances for world-renowned names such as Alfred Sung, Bob Mackie, Adrienne Vittadini, Lulu Guinness and Nanette Lepore.