RG Barry Brands Adds Development/Sourcing Capability To Existing Handbag Platform

   RG Barry Brands Adds Development/Sourcing Capability To Existing Handbag

PR Newswire

PICKERINGTON, Ohio, April 2, 2013

PICKERINGTON, Ohio, April 2, 2013 /PRNewswire/ --Accessory products marketer
R.G. Barry Corporation (Nasdaq: DFZ) announced today it has integrated the
operations of its former China-based sourcing agent into its baggallini
business unit.

The integration brings the extensive expertise of the privately-owned sourcing
entity in all phases of handbag development, sourcing and supply to RG Barry's
internal handbag-business platform.

As part of the transaction, RG Barry also acquired the principal working
assets of the Hong Kong-based Mosey Co., Ltd., and the Mosey consumer fashion
handbag brand.

"From a purely strategic standpoint, this is an exciting addition to our
growing handbag coalition and to our future," said R.G. Barry Corporation
President and Chief Executive Officer Greg Tunney. "It institutionalizes
within our business a wealth of expertise in sourcing a product category that
we expect to grow to the size of our accessory footwear business within the
next 3-to-5 years."

"This action adds significant core strength, experience and knowledge to our
current China-based sourcing team, while reducing duplication and costs within
our handbag sourcing model," he said.

"Functions in both China and Portland that fall under this transaction will be
consolidated within our existing baggallini operations," added R.G. Barry
Corporation Senior Vice President Finance and Chief Financial Officer Jose
Ibarra. "As with our past acquisitions, RG Barry will benefit from backroom
synergies. We expect all functions to be fully integrated by our fiscal

The transaction was completed for $1.2 million cash.

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 R.G. Barry Corporation

Website: http://www.rgbarry.com
Contact: Roy Youst, Director Investor Relations, 614.729.7200,
ryoust@rgbarry.com; Jose G. Ibarra, Senior Vice President Finance/CFO,
614.864.6400, jibarra @rgbarry.com
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