Ïã½¶ÊÓÆµ Announces New Expansion of the U.S. Brand Psycho Bunny
July 27, 2016
Ïã½¶ÊÓÆµ (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter ¡°Ïã½¶ÊÓÆµ¡±) announced today that it has recently acquired a master license for the Psycho Bunny brand in the apparel and accessories category for the Japanese market. It will embark on full-scale promotion of the brand in the Spring-Summer 2017 seasons.
The Psycho Bunny brand was invented as a brand for ties in the United States in 2005, by Robert Godley, who worked as a tie designer for the Polo Ralph Lauren brand after developing himself at the established UK brand of Turnbull & Asser. The brand trademark features the cynical combination of a bunny (rabbit) and a skull. Based on Traditional and Preppy styles, it offers classic sense of the old and the new. As soon as it launched, it suddenly became a hot brand in New York. After that, it expanded its range to polo shirts, T-shirts, and other apparel. Today in the United States, its sales have mainly expanded to major department stores, including Bloomingdale¡¯s and Nordstrom.
In Japan, this brand has been marketed as a men¡¯s fashion brand, appealing to fashion-conscious consumers. Apparel and other items are mainly being sold in department stores and multi-brand stores. Ïã½¶ÊÓÆµ acquired a master license for the brand in the innerwear and accessories categories and it has been dealing with such items since the Fall-Winter 2014 seasons. Ïã½¶ÊÓÆµ has recently acquired a master license in the mainstay apparel category to boost its branding efforts by comprehensively presenting the brand image in a bid to increase the value and the recognition of the Psycho Bunny brand in the Japanese market.
With respect to the apparel categories that will be newly promoted, Ïã½¶ÊÓÆµ will accelerate the launch of shops in department stores and fashion buildings, in addition to the stores directly operated by its subsidiary, JOI'X CORPORATION (headquartered in Chuo-ku, Tokyo; Hirofumi Suda, President & CEO; hereinafter ¡°JOI¡¯X¡±). In five years, Ïã½¶ÊÓÆµ plans to increase the number of stores associated with the brand to 30. Sales of existing items will continue to expand chiefly in department stores. On a retail basis for the whole brand, Ïã½¶ÊÓÆµ aims to earn sales of two billion yen in the initial year and four billion yen in five years.
An exhibition for the Spring-Summer 2017 season will take place in October 2016, at the same time as Robert Godley¡¯s visit to Japan.
Major items for the Psycho Bunny brand and the retail prices (for the Spring-Summer 2017 season)
Jackets: 30,000 yen to 40,000 yen
Pants: 15,000 yen to 20,000 yen
Polo shirts: 14,000 yen to 16,000 yen
Custom wear: 5,000 yen to 26,000 yen
Shirts: 16,000 yen to 20,000 yen
Corporate Profile of RG2 LLC
Company Name | RG2 LLC |
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Representatives | Robert Godley (CEO), Robert Goldman (CEO) |
Headquarters | 483 Tenth Avenue, Suite 220 New York, NY 10018, USA |
Year of Establishment | 2005 |
Business | Planning and sales of apparel and miscellaneous goods |
Corporate Profile of JOI¡¯X CORPORATION
Company Name | JOI¡¯X CORPORATION |
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Representative | Hirofumi Suda, President & CEO |
Headquarters | 9-4 Nihombashi Tomizawacho, Chuo-ku, Tokyo, Japan |
Year of Establishment | 1971 |
Business | Planning and sales of apparel and miscellaneous goods |
Capital | 50 million yen |
Net Sales | 27.2 billion yen (for the fiscal year ended March 31, 2016) |
Logo of the Psycho Bunny brand
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Image of main items to be marketed
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Conceptual image of a store
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