Sanderson Design Group PLC - Buckinghamshire-based interior design and furnishings company - Hails a new licensing deal for its Morris & Co brand with Ruggable LLC. Says it is the second licensing agreement for the Morris & Co brand in the US, following the agreement with US retailer Williams Sonoma for a broad range of tableware, cookware and kitchen accessories.

Ruggable is a US-based company that markets machine washable indoor and outdoor rugs and doormats.

Chief Executive Officer Lisa Montague says: "We are delighted to sign this licensing agreement with Ruggable for the USA, Canada and Australia. Ruggable's development of machine washable rugs and doormats has given the business a distinct market position which the Morris & Co brand will further expand."

Current stock price: 115.55 pence, up 2.3% on Wednesday morning in London

12-mont change: down 28%

By Xindi Wei, Alliance News reporter

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