Posts Tagged ‘SpongeBob SquarePants’

HSN Handbag Vendor Carlos Falchi Strikes Deal With Licensing King Steve Russo, Says New York Post

May 25, 2010

Carlos Falchi, a luxury handbag maker who also does several lines for HSN, is apparently partnering with a company that makes Hello Kitty and SpongeBob SquarePants merchandise, the New York Post reported Tuesday.

The story, headlined “SpongeBob HandBag: Accessory Firm Teams Up With Carlos Falchi,” says that Falchi has struck a licensing deal with “New York accessories kingpin” Steve Russo.

In its exclusive scoop, the tabloid reports that Russo has a five-year deal with Falchi that guarantees at least $120 million in retail sales.

Russo made his mark selling items ranging from backpacks to school supplies decorated with pop culture figures, from SpongeBob to Hello Kitty to Hannah Montana.

Falchi, in contrast, used to create leather wardrobes for people like Mick Jagger before he started his luxury handbag business, and then created a handbag and accessory line for HSN.

The Post said that Russo “has poured money” into Falchi’s factory in the Garment District.

Falchi’s company is owned by Wingsong Brands, which also has stakes in Ellen Tracy and Sharper Image, and an investor group headed by Marvin Traub, according to the Post.