FAB/Starpoint Acquires Luxury Handbag Company Isabella Fiore

NEW YORK, May 9 /PRNewswire/ -- Steve Russo, President and CEO of FAB/Starpoint has announced the complete acquisition and purchase of all trademark and other assets of the luxury handbag manufacturer Isabella Fiore.

The acquisition of Isabella Fiore by FAB/Starpoint expands the company's portfolio from licensed and private label manufacturing to privately owned brands. This opens an entirely new distribution channel and enhances their overall industry strength. FAB/Starpoint is committed to building on the powerful Isabella Fiore label enabling them to be a more agile and focused brand to accomplish the strategic objectives planned for 2009 and beyond.

"Isabella Fiore is a strategic and very complementary acquisition," stated Steve Russo. "With its high-end positioning, selective distribution and strong consumer loyalty to the brand, we believe Isabella Fiore has not even scratched the surface of its potential as a world renowned accessory brand. We are very happy that Debbie Coleman will, along with the key management and talented design team of Isabella Fiore, continue on this extraordinary journey and contribute their considerable expertise to our future development in this promising business segment."

Debbie Coleman, President/CEO of Isabella Fiore stated, "After nearly a decade of overwhelming consumer acceptance, Isabella Fiore is now perfectly positioned to explode into a lifestyle brand through product category expansion, licensing and increased distribution. We are excited about combining our expertise with FAB's global sourcing, logistics capabilities and overall vision to create the leading handbag resource for customers worldwide."

Isabella Fiore, which has its headquarters and distribution in Los Angeles, CA, is distributed to high end department stores and luxury specialty stores domestically and internationally. The brand is heralded as both cutting-edge and timeless, turning its loyal customers into collectors. The brand continually offers fresh and transcending designs through its hand-woven leathers, original artwork, elaborate embroideries, and interesting fabrics.

About FAB/Starpoint

FAB/Starpoint is a multi-category fashion driven company that manufactures quality products for the youth, tween and junior markets through various lifestyle segments. With its diverse product assortment and one of the strongest portfolio of licenses in the kid's market today including such favorites as Hannah Montana, High School Musical, Hello Kitty, Littlest Pet Shop, Spider-Man and more, FAB/Starpoint is able to meet the needs of its retail partners across all channels of distribution. http://www.fabny.com