USA : Entrance of Shoebox into South Korea

February 23, 2008

Shoebox New York (Shoebox), a top women's multi-brand retailer for luxury footwear, handbags and accessories, and its parent company NexCen Brands Inc announced the signing of a master franchise agreement in South Korea.

The Shoebox expansion leads the first entry for this franchise globally. The agreement with Magneato International Inc is for a minimum of 20 stores over a 25-year term.

"We are very excited to be the first to sign a global agreement for the Shoebox concept" said Scott Cho, CEO, Magneato International Inc.

"In conjunction with the initial entrance of Shoebox into South Korea, this is a giant step towards the eventual expansion into the other lucrative high-end luxury Asian Markets.

We look forward to our continuing relationship with NexCen Brands." Since 1954, Shoebox has been New York's top women's multi-brand retailer for luxury footwear, handbags and accessories.

Known for its vast product assortment and trend-setting styles, Shoebox offers women the latest fashions from top European and American designers such as Jimmy Choo, Stuart Weitzman, D&G, Giuseppe Zanotti, Marc Jacobs, Chloe, Casadei,
Salvatore Ferragamo, and Michael Kors.

Shoebox's exceptional product offering coupled with its personalized customer experience, has garnered a dedicated following of sophisticated women worldwide.

Shoebox New York