Knickerbocker to Distribute Thai Firm’s Jewelry

L.L. Knickerbocker Co. has signed an agreement to become the exclusive U.S. distributor for all products created by Thai jewelry maker Grant King International Co.

An L.L. Knickerbocker spokeswoman said the company estimates the deal will add about $10 million to its 1996 sales. The company’s sales totaled $9.5 million for the first nine months last year.

L.L. Knickerbocker said the distribution pact gives it the option to purchase up to 49% of Grant King in exchange for warrants to purchase L.L. Knickerbocker shares. The spokeswoman said the company plans to exercise the option “imminently.” If Grant King exercises the Knickerbocker warrants, it would hold less than a 5% stake in the company, which develops products and markets them through home shopping and retail outlets.