Laurence Franklin New CEO of Frette, the Leading Luxury Linen Brand

Tue Jul 26, 2011 6:11pm EDT

* Reuters is not responsible for the content in this press release.

MONZA, Italy, July 26, 2011 (GLOBE NEWSWIRE) -- Frette, which for over 150 years
has been the leading provider of luxury linens internationally, today appointed
Laurence Franklin as its new CEO.

Mr. Franklin, 59, comes to Frette with over 25 years of international management
experience in the fashion, cosmetics and accessories industries. Mr. Franklin
has a consistent record of creating successful, high performing businesses and
valued brands, and working constructively with private equity and institutional
investors. Mr. Franklin will work closely with Jeff Hansen - Partner of JH
Partners, Frette's controlling shareholder - who will remain Chairman of the

Laurence Franklin received his BA degree from Colgate University and an MS from
the New York University Graduate School of Business. He started his career at
Peat Marwick Mitchell in finance and accounting, and then moved to the
management consulting services group at Price Waterhouse & Co. in New York. In
1986 he joined Tumi Inc. and through 1992 helped direct this emerging brand
through a ten-fold growth rate that saw it develop as a leader in its sector. In
1993 he became President of Coach Leatherware, and during his tenure sales more
than doubled and the foundation for the billion dollar Coach business was laid.
In 1996 he became General Manager and Executive Vice President of the cosmetics
businesses of Unilever managed through the Elizabeth Arden division. Then in
1999 he rejoined Tumi as President, responsible for global strategic and
creative development and then in 2002 was appointed CEO.

"We are thrilled to have Laurence Franklin on our team at Frette," said Jeff
Hansen, "His background and experience are well-suited to lead our growth and
development plans for the business, and I am confident our partnership will be
successful. Frette has a great history supplying customers with some of the most
beautiful home products in the world, and I believe Laurence will represent the
brand well."

"I am proud to be associated with a brand that has such a great heritage and
such a promising future," Mr Franklin said. "My passion is building brands, and
I look forward to upholding the tradition of design excellence and outstanding
quality that Frette is known for. I am confident that Frette will continue its
leadership position, both here in Italy and abroad."

About Frette:

Founded in 1860 and based in Milan, Frette is the leading international luxury
bed, bath and home furnishing brand. Frette markets its products to individual
customers and the finest hotels and resorts through a network of retail stores,
the internet and leading department and specialty stores around the world. The
company has a rich history supplying the finest linens to aristocratic families
throughout Europe, as well as to the Vatican. Frette sheets have also adorned
the beds of the world's most prestigious trains and ocean liners, including the
Orient Express and the Titanic. Today, Frette products can be found in Beverly
Hills, New York, London, Paris, Hong Kong and Tokyo and other international
luxury centers. Top hospitality establishments such as the Paris Ritz, London
Savoy, Singapore Raffles, Peninsula Hong Kong and all of Ritz-Carlton's U.S.
properties outfit their hotels with Frette linens.

For further information:
Alison Newman
212 299 0400 Ex 421

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