True Religion Apparel, Inc. (Nasdaq:TRLG) today announced the appointment of Marc J. Klein to the newly created position of Vice President, Real Estate. Klein brings more than 12 years of experience negotiating and procuring real estate transactions and managing store strategy development for retailers such as Pacific Sunwear of California, Limited Brands and national property developer The Taubman Company.
Klein, 41, joins the company after serving as director of real estate for Pacific Sunwear of California where he executed the development and expansion of the company’s retail strategy, the company’s outlet store portfolio and assisted in developing its corporate real estate system throughout the entire country.
“Marc offers a wide range of experience in leasing, budget planning and store operations that will be key to managing our retail platform expansion,” said Michael Buckley, president. “Marc’s primary role will be to identify and negotiate leases for premier locations, and his experience doing a substantial number of mall and street deals on a national level annually will be critical to True Religion as we pursue our retail rollout.”
“Marc is a retail veteran with invaluable experience in real estate development and management,” said Jeffrey Lubell, chairman and chief executive officer. “He is the latest addition to a growing, talented team of professionals that will help establish True Religion as a global lifestyle brand.”
Prior to joining Pacific Sunwear, Klein served in various roles of real estate management with Limited Brands, most recently as director of real estate for the Mid-Atlantic region. At Limited Brands, Klein was directly responsible for managing real estate for approximately 550 stores throughout the country, including store planning, legal and finance projects. Klein also played a key role in developing and maintaining ongoing relationships with developers, brokers and retail landlords throughout his region.
Klein began his career with the shopping center management company Landau & Heyman, Inc. and is a member of the International Council of Shopping Centers. He holds a master’s degree in architecture from the Illinois Institute of Technology and a bachelor’s degree in fine arts from the University of Michigan.
About True Religion Apparel, Inc.
True Religion Apparel, Inc. is a growing, design-based premium global lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in 50 countries including the United States, Canada, Germany, United Kingdom, France, Spain, Scandinavia, Greece, Italy, Mexico, South America, Australia, South Africa, the Middle East, Korea, Japan, and China. For more information, please visit www.truereligionbrandjeans.com.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including uncertainties as to the nature of the apparel industry, including changing customer demand and tastes, seasonality, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.