Timberland and Inchcape sign a distribution agreement for the Asia-Pacific region.
1995 – Timberland (NYSE: TBL) appointed British company Inchcape plc on Thursday as the exclusive distributor of Timberland products throughout the Asia / Pacific region.
The agreement includes the acquisition by Inchcape of the Australian and New Zealand companies of Timberland for a total amount of $ 24 million, which is expected to result in a gain of approximately $ 0.35 for Timberland’s earnings per share for the first trimester.womens timberland 6 inch boots,
Inchcape has been Timberland’s distribution partner in some Asian markets since 1988. Under this new 10-year agreement, Inchcape will now be responsible for the distribution and distribution of Timberland products in Japan, China, Hong Kong, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Philippines, Vietnam, Australia and New Zealand.
“The Asia / Pacific region is an important and under-penetrated market for Timberland,” said Jeffrey B. Swartz, Executive Vice President and Chief Operating Officer of Timberland. “We are confident that Inchcape can build the Timberland brand throughout the Asia / Pacific region.” “This new agreement aims to accelerate the reach of our brand in a cost-effective and efficient manner.timberland roll top boots,
“We look forward to building on our fruitful relationship with Timberland in this exciting region of the world,” said Philip Cushing, Executive Director of Inchcape with responsibility for the company’s marketing flow.
“This agreement with Timberland is a good example of our ability to develop strategic alliances with leading international manufacturers, a key part of our strategy.”white timberland boots for women,
Inchcape operates in more than 100 countries, providing services and representation to many of the world’s best known companies. The Group focuses on three main areas: marketing, engines and services.
In the marketing sector, Group companies manage a wide range of consumer and industrial products. The activities of Engines are mainly involved in import and distribution, as well as in retail trade, while services include insurance services, shipping services, testing services, purchase.timberland outlet online uk,
Timberland Company designs, manufactures and markets high-quality footwear, apparel and accessories under the Timberland brand. Timberland products for men and women include boots, sports shoes, boat shoes, as well as clothing and accessories built to withstand the elements of nature.timberland boots roll top,
Timberland products are sold mainly through Timberland stores, other specialty retail stores, quality department stores, concept stores and shoe stores around the world.