Royal Ballet seeks new revenue from fashion tie-in
By Mike Collett-White
LONDON (Reuters) - London's Royal Ballet is looking beyond just ticket sales for revenue by teaming up with Italian dance and fitness clothes maker Freddy.
In a partnership that could help the world-famous dance company ride out the recession, which is expected to hit demand for its shows, Freddy has designed a collection of clothes specifically for the dancers and another to go on general sale.
The deal, which involves a licensing agreement as well as Freddy sponsoring the troupe, is worth an initial 400,000 pounds ($590,000) a figure which could rise if sales in Freddy's 2,500 stores worldwide live up to expectations.
The Royal Ballet Dancers Collection will also be available to buy from www.rohshop.org from December 8.
"There is the brand and we are a global brand," said Jane Storie, head of business development at the Royal Opera House in central London which incorporates the ballet.
"We tour every year and have ambitions to tour more. Whenever we go overseas, we want to have something to say and something to sell and be able to exploit the fan base," she told Reuters after the dancers' collection was unveiled.
"We've managed to balance our books for the last six years, but it's going to be a tough year and we see there is a changing need for additional income streams," she added.
Journalists were allowed backstage to watch a Royal Ballet rehearsal, where dancers wore black tops, sweat pants, shorts, leggings and jackets designed by Freddy. Continued...