October 18, 2012
FOR IMMEDIATE RELEASE Randa Accessories Invests in Future Growth, Leather Belt Factory
New York City and Guatemala City, (August 7, 2012) - RANDA Accessories has become a partner in TATA, a manufacturer of high-quality dress and casual belts, located in Guatemala.
"This partnership adds an important link to our growing supply chain," states Ed Turner, Randa's Senior Vice President of Leather Merchandising, "providing Randa and Tata customers with a complete end-to-end solution for men's leather goods, and an additional competitive advantage." Turner added, "This investment enhances not only our source of supply but also our breadth of design, trend analysis and global customer access."
According to Rodrigo Toledo, President of TATA, "This partnership with Randa provides Tata with more working capital for growth and greater access to clients, brands and global retailers." He added, "We are now partners in Randa's globally integrated design, manufacturing, quality assurance, logistics, fulfillment, planning, marketing, and in-store merchandising solution."
Randa's Chief Marketing Officer, David J. Katz added, “Randa will sell over 20 million belts in 2012 and a strong uninterrupted global supply chain with great speed-to-market is essential to our business. This investment enhances our concept-to-consumer quality and efficiency."
About Randa Accessories
Collaborating with 75 leading brands, Randa Accessories designs, manufactures, and markets men's belts, wallets, neckwear, small leather goods, luggage, backpacks, business cases, seasonal footwear, and gifts. From its origins as a neckwear company over a century ago, today Randa is the world’s largest men’s accessories company and provides fashion, lifestyle, luxury, and private branded products through retailers in all channels of distribution, worldwide. Randa brands include: Levi's, Dockers, Columbia Sportswear, Williamson-Dickies, Geoffrey Beene, Tommy Bahama, Jonathan Adler, Countess Mara, and Ben Sherman. Randa recently completed its acquisition of Swank, Inc. a wholesaler of men's accessories under brands including Tommy Hilfiger, Guess, Kenneth Cole, Nautica, and Tumi. More information is available at www.randa.net.
Tata is the business name for Accesorios Globales S.A.; the company was founded in 1984 by Jose Toledo to export Guatemalan leather goods. Tata factories produce high-quality fashion accessories, in large volume, with rapid deliveries, from a convenient location, and with little, or no, customs duties. Tata is the largest manufacturer of belts in the Western Hemisphere and customers include major retailers, importers, and global brands. Located 13 miles south of Guatemala City, Tata's factories currently occupy more than 100 thousand square feet and use modern Italian machinery to produce 8 million units of high quality belts annually. Tata was voted the "Best Exporter of the Year - Carlos Jose Castillo Award" in 2006. More information is available at www.tata.com.gt.
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The Office of Chief Marketing Officer in New York City