Common Contracts
1 similar Master Licensing Agreement contracts
Halston heritage bergdorf goodmanMaster Licensing Agreement • June 13th, 2023
Xcel Brands Inc. has signed a master licensing partnership with G-III Apparel Group Ltd. whereby G-III will design, produce and distribute all Halston categories and products.G-III has options to renew the agreement after five years and purchase the Halston brand after 25 years. The deal involves an upfront cash payment in the second quarter of 2023, future guaranteed minimum royalties, and “significant” minimum net sale requirements.More from WWD“The timing was right for us to either do a capital raise and keep going, or partner with someone like G-III that has a track record of building half billion to one billion dollar brands,” Robert W. D’Loren, chairman and chief executive officer of Xcel Brands, told WWD. “We felt that G-III was the best option for us and there was a need for them. So this is going to be a great collaboration.””Halston is an American brand with a rich legacy in fashion and we are proud to partner with Xcel to develop the brand to its full potential,” Morris Gold
