Maidenform Brands, Inc. Announces Election of Bernd Beetz to Its Board of Directors
24 Novembro 2009 - 7:44PM
PR Newswire (US)
ISELIN, N.J., Nov. 24 /PRNewswire-FirstCall/ -- Maidenform Brands,
Inc. (NYSE:MFB), a global branded marketer of intimate apparel, is
pleased to announce that the Board of Directors has elected Bernd
Beetz to the Board. Mr. Beetz will also function as a member of the
Nominating and Governance Committee. Since 2001, Mr. Beetz has
served as the Chief Executive Officer of Coty Inc., a leading
global beauty company with a portfolio of over 40 notable brands in
90 markets worldwide. Prior to joining Coty Inc., Mr. Beetz served
as President and Chief Executive Officer of Parfums Christian Dior
France, a subsidiary of LVMH. From 1974 to 1998, Mr. Beetz held
various management positions throughout Europe at The Procter &
Gamble Company. "We are delighted to welcome Bernd to our board of
directors," said Maurice S. Reznik, Chief Executive Officer. "Bernd
had demonstrated strong leadership at Coty Inc. and his broad
retail, marketing and international experience will serve our
company well." "A leader in their industry, Maidenform continues to
experience great success developing innovative products for women
worldwide," said Bernd Beetz, Chief Executive Officer, Coty Inc.
"I'm thrilled to join the Maidenform board." About Maidenform
Brands, Inc. Maidenform Brands, Inc. is a global intimate apparel
company with a portfolio of established and well-known brands,
top-selling products and an iconic heritage. Maidenform designs,
sources and markets an extensive range of intimate apparel
products, including bras, panties and shapewear. During its 86-year
history, Maidenform has built strong equity for its brands and
established a solid growth platform through a combination of
innovative, first-to-market designs and creative advertising
campaigns focused on increasing brand awareness with generations of
women. Maidenform sells its products under some of the most
recognized brands in the intimate apparel industry, including
Maidenform®, Flexees®, Lilyette®, Control It!®, Luleh®, Sweet
Nothings®, Rendezvous®, Subtract®, Bodymates®, Self Expressions®
and Inspirations®. Maidenform products are currently distributed in
approximately 60 countries and territories outside the United
States. Forward Looking Statement: This press release contains
forward-looking statements relating to future events and the
Company's future performance within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including, without
limitation, statements regarding our expectations, beliefs,
intentions or future strategies that are signified by the words
"anticipates," "believes," "estimates," "expects," "intends,"
"plans," "potential," "predicts," "projects" or similar words or
phrases, although not all forward-looking statements contain such
identifying words. All forward-looking statements included in this
press release are based on information available to the Company on
the date hereof. It is routine for the Company's internal
projections and expectations to change as the year or each quarter
in the year progress, and therefore it should be clearly understood
that the internal projections and beliefs upon which the Company
bases its expectations may change prior to the end of each quarter
or the year. Although these expectations may change, we assume no
obligation to update or revise publicly any forward-looking
statements whether as a result of new information, future events or
otherwise. Actual events or results may differ materially from
those contained in the projections or forward-looking statements.
The following factors, among others, could cause the Company's
actual results to differ materially from those expressed in any
forward-looking statements: the worldwide apparel industry may
continue to be harmed by the current global economic downturn, the
unprecedented conditions in the financial and credit markets may
affect the availability and cost of our funding, the Company's
growth cannot be assured and any growth may be unprofitable;
potential fluctuations in our results of operations or rate of
growth; our dependence on a limited number of customers; the
Company has larger competitors with greater resources; retail
trends in the intimate apparel industry, including consolidation
and continued growth in the development of private brands,
resulting in downward pressure on prices, reduced floor space and
other harmful changes; failure to anticipate, identify or promptly
react to changing trends, styles, or consumer preferences; the
Company's credit agreement could limit growth opportunities;
external events that disrupt the Company's supply chain, result in
increased cost of goods or an inability to deliver its products;
events which result in difficulty in procuring or producing
products on a cost-effective basis; increases in the prices of raw
materials; changing international trade regulation, including as it
relates to the imposition or elimination of quotas on imports of
textiles and apparel; foreign currency exposure; and the
sufficiency of cash to fund operations and capital expenditures.
This list is intended to identify only certain of the principal
factors that could cause actual results to differ from those
discussed in the forward-looking statements. Readers are referred
to the reports and documents filed from time to time by the Company
with the Securities and Exchange Commission for a discussion of
these and other important risk factors that could cause actual
results to differ from those discussed in forward-looking
statements. DATASOURCE: Maidenform Brands, Inc. CONTACT: Chris
Vieth, Chief Operating Officer & Chief Financial Officer,
+1-732-621-2101,
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