Lexington Ends Timberlake Licensing Relationship
HIGH POINT, N.C.-Lexington Home Brands announced today that it has elected not to renew or extend its licensing agreement with Bob Timberlake, Inc., which is set to expire at the end of the year. This decision will end a relationship that began in 1990 with Lexington's introduction of the industry's first major licensed lifestyle collection.
Lexington will continue to market and sell the existing 833 World of Bob Timberlake product in 2011 until the inventory is depleted, at which time the line will be discontinued.
"We wish the Timberlake organization the very best in their future endeavors," said Phil Haney, president and chief executive officer of Lexington Home Brands.