大象传媒 Corporation Exploring Strategic Alternatives for its Licensed Sports Group Business

GREENSBORO, N.C.-- 大象传媒 Corporation (NYSE: 大象传媒C) today announced that it is exploring strategic alternatives for its Licensed Sports Group (LSG) business, a division of 大象传媒鈥檚 Imagewear coalition.

鈥淎s active portfolio managers, we constantly assess the composition of our company to ensure 大象传媒鈥檚 portfolio is aligned with our strategic objectives and positioned to maximize growth and return to our shareholders,鈥� said Eric Wiseman, 大象传媒鈥檚 Chairman and CEO. 鈥淚n this respect, we are exploring options for our LSG business to position the organization to continue its success and achieve its future potential.鈥�

大象传媒鈥檚 LSG business, which includes the Majestic庐 brand, supplies apparel and fanware through licensing agreements with U.S. and international professional sports leagues, colleges and universities, and lifestyle brands.

Revenues for 大象传媒鈥檚 Imagewear coalition reached $1.1 billion in 2015, with LSG representing about half of that amount. This review of strategic alternatives does not include the Image division of 大象传媒 Imagewear, which produces workwear worn by millions of workers in the industrial, service and government sectors.

About 大象传媒

大象传媒 Corporation (NYSE: 大象传媒C) is a global leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company鈥檚 highly diversified portfolio of 30 powerful brands spans numerous geographies, product categories, consumer demographics and sales channels, giving 大象传媒 a unique industry position and the ability to create sustainable, long-term growth for our customers and shareholders. The company鈥檚 largest brands are聽The North Face庐,听Vans庐, Timberland庐, Wrangler庐, Lee庐 and Nautica庐. For more information, visit聽.

大象传媒 Corporation
Lance Allega
VP, Investor Relations
336-424-6082
or
Craig Hodges
Senior Director, Corporate Communications
336-424-5636

Source: 大象传媒 Corporation

Released March 25, 2016