KIVA Outdoor Travel and Accessory Brand to Integrate on baggallini Platform

 KIVA Outdoor Travel and Accessory Brand to Integrate on baggallini Platform

PR Newswire

PICKERINGTON, Ohio, Jan. 22, 2013

PICKERINGTON, Ohio, Jan. 22, 2013 /PRNewswire/ --baggallini, the Portland,
OR- based subsidiary of accessories marketer R.G. Barry Corp. (Nasdaq: DFZ)
announced today its parent Company has finalized a strategic transaction to
acquire the outdoor niche KIVA brand from KIVA Designs, Inc., for an
undisclosed cash price.

KIVA is a northern California-based, privately-owned developer and marketer of
both men's and women's products, including functional outdoor and travel bags
and accessories. For more than 20 years, KIVA's eco-friendly, innovative
outdoor gear has been designed to hold up to even the most demanding travel
schedule.

The purchase of the KIVA brand and related assets closed today. R.G. Barry
senior management will discuss the purchase during their regularly scheduled
investor conference call/webcast planned for the morning of Tuesday, Feb. 5.

"The KIVA purchase is a strategic move that fits nicely with our baggallini
operations," said R.G. Barry Corporation President and Chief Executive Officer
Greg Tunney. "The products and reputation of the KIVA brand will strengthen
our footprint within the growing outdoors and travel category and help us
expand our bag-related business."

"We are very excited to offer KIVA the same successful platforms that have
allowed baggallini to consistently grow and prosper," said baggallini
President Dennis Eckols. "KIVA will retain its unique identity while sharing
access to our best-in-class design, sourcing, customer service and supply
chain systems."

About RG Barry
RG Barry develops great accessories brands that provide fashionable,
solution-oriented products that touch consumers. Our primary brands include:
Dearfoams slippers dearfoams.com; baggallini handbags, totes and travel
accessories baggallini.com; and Foot Petals premium insoles and comfort
products footpetals.com. To learn more, visit us at rgbarry.com.

Forward-Looking Statements
Some of the disclosures in this news release contain forward-looking
statements that involve substantial risks and uncertainties. You can identify
these statements by forward-looking words such as "may," "expect," "could,"
"should," "anticipate," "believe," "estimate," or words with similar
meanings. Any statements that refer to projections of our future performance,
anticipated trends in our business and other characterizations of future
events or circumstances are forward-looking statements. These statements,
which are forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995, are based upon our current plans and
strategies and reflect our current assessment of the risks and uncertainties
related to our business. These risks include, but are not limited to: our
continuing ability to source products from third parties located within and
outside North America; competitive cost pressures; the loss of retailer
customers to competitors, consolidations, bankruptcies or liquidations; shifts
in consumer preferences; the impact of the global financial crisis and general
economic conditions on consumer spending; the impact of the highly seasonal
nature of our footwear business upon our operations; inaccurate forecasting of
consumer demand; difficulties liquidating excess inventory; disruption of our
supply chain or distribution networks; our ability to implement new enterprise
resource information systems; a failure in or a breach of our operational or
security systems or infrastructure, or those of our third-party suppliers and
other service providers, including as a result of cyber-attacks; the
unexpected loss of any of the skills and experience provided by our senior
officers; our ability to successfully integrate any new business acquisitions;
and our investment of excess cash in certificates of deposit and other
variable rate demand note securities. You should read this news release
carefully because the forward-looking statements contained in it (1) discuss
our future expectations; (2) contain projections of our future results of
operations or of our future financial condition; or (3) state other
"forward-looking" information. The risk factors described in "Item 1A. Risk
Factors" of Part I of our Annual Report on Form 10-K for the fiscal year ended
June 30, 2012 (the "2012 Form 10-K") and our other filings with the Securities
and Exchange Commission (the "SEC"), give examples of the types of
uncertainties that may cause actual performance to differ materially from the
expectations we describe in our forward-looking statements. If the events
described in "Item 1A. Risk Factors" of Part I of our 2012 Form 10-K occur,
they could have a material adverse effect on our business, operating results
and financial condition. You should also know that it is impossible to
predict or identify all risks and uncertainties related to our business.
Consequently, no one should consider any such list to be a complete set of all
potential risks and uncertainties. Forward-looking statements speak only as
of the date on which they are made, and we undertake no obligation to update
any forward-looking statement to reflect circumstances or events that occur
after the date on which the statement is made to reflect unanticipated events,
except as required by applicable law. Any further disclosures in our filings
with the SEC should also be considered.

SOURCE RG Barry

Website: http://www.rgbarry.com
Contact: Roy Youst, RG Barry Investor Relations, +1-614-729-7200,
ryoust@rgbarry.com