LXRandCo Appoints Veteran International Retail Executive, Todd Howard, as Executive Vice President Global Business Development

Mr. Howard to Lead LXRandCo's Retail Network Expansion Internationally

MONTREAL, Sept. 5, 2017 /CNW/ - LXRandCo, Inc. ("LXRandCo" or the "Company") (TSX: LXR, LXR.WT), an international omni-channel retailer of branded vintage luxury handbags and accessories, today announced international retailing veteran Todd Howard has been appointed Executive Vice President Global Business Development.

"I am proud to welcome Todd, a veteran of the retail industry, to the growing international LXRandCo team," said Fred Mannella, Chief Executive Officer, LXRandCo. Inc.  "Todd is a proven business builder, having successfully led major expansions of high profile retail brands within North America and globally.  His breadth and depth of experience and relationships throughout the global retail industry will be invaluable as we aggressively pursue expansion of our retail network internationally with both existing and new partners."

"Todd brings the kind of experience and industry knowledge that will enable LXRandCo to continue to forge the relationships to deliver our stated goals and beyond," added Joe Mimran, LXRandCo Director and Chair of the International Business Development Committee.  "It is a powerful endorsement of the tremendous potential that the vintage luxury re-commerce industry represents."

Prior to joining LXRandCo, Todd was co-CEO of Buffalo David Bitton where he led the company's transformation from a niche brand to a global powerhouse in denim and sportswear for both men and women. Mr. Howard's responsibilities included all aspects of sales, merchandising, logistics and supply chain management.  Prior to Buffalo, Mr. Howard was president of NYDJ where he managed the company's global expansion, as well as a retargeting of the brand and development of a speed-to-market model that is unmatched in a global wholesale business.  During his tenure, NYDJ became one of the top wholesale denim businesses in the world. Mr. Howard also served as a division president with Tommy Hilfiger Corporation during its period of record setting growth.  At Tommy Hilfiger, he launched, reorganized and guided 19 different divisions with aggregate sales of more than US$800 million.

About LXRandCo

LXRandCo is a rapidly growing, international omni-channel retailer of branded vintage luxury handbags and accessories. LXRandCo sources and authenticates high quality pre-owned products and sells them through: a retail network of stores located in major department stores in Canada, the United States and Europe; wholesale operations primarily in the United States; and its own e-Commerce website, www.lxrco.com. LXRandCo offers pre-owned products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others, at attractive prices and seeks to appeal to the aspirational lifestyle needs of women and men of all ages.

Caution Regarding Forward-Looking Statements

Certain statements in this press release are prospective in nature and constitute forward-looking information and/or forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements generally, but not always, can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "could", "would", "will", "expect", "intend", "estimate", "forecasts", "project", "seek", "anticipate", "believes", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events and the negative of any of these terms. Forward-looking statements in this news release include, but are not limited to, statements concerning future objectives and strategies to achieve those objectives, including, without limitation, store openings, as well as other statements with respect to management's beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, outlook, circumstances, performance or expectations that are not historical facts.  Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management, which includes assumptions about continued revenues based on historical past performance, management's historical experience, perception of trends and current business conditions, expected future developments and other factors which management considers appropriate. With respect to the forward-looking statements included in this press release, management has made certain assumptions with respect to, among other things, the Company's ability to meet its future objectives and strategies, the Company's ability to achieve its future projects and plans and that such projects and plans will proceed as anticipated, the expected growth of the Company's e-Commerce revenue, the expected number and timing of store openings in North America and internationally, entering into new and/or expanded retail partnerships in North America and internationally, the Company's ability to source products, the Company's competitive position in the vintage luxury industry, and beliefs and intentions regarding the ownership of material trademarks and domain names used in connection with the marketing, distribution and sale of the Company's products as well as assumptions concerning general economic and market growth rates, currency exchange and interest rates and competitive intensity.

Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.

All forward-looking statements included in and incorporated into this press release are qualified by these cautionary statements. Unless otherwise indicated, the forward-looking statements contained herein are made as of the date of this press release, and except as required by applicable law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Readers are cautioned that the actual results achieved will vary from the information provided herein and that such variations may be material. Consequently, there are no representations by LXRandCo that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements.


For further information: Jeremy Stepak, Interim Chief Financial Officer, LXRandCo, Inc., +1 (416) 301-1333; Lawrence Chamberlain, LodeRock Advisors, +1 (416) 519-4196, lawrence.chamberlain@loderockadvisors.com