North American brand owners, including those in the world of fashion, saw continued erosion of their royalties in 2010, although at a far less rapid pace than in 2009.
According to the annual Licensing Industry Survey being released today by the international Licensing Industry Merchandisers’ Association, total royalties paid to licensors in 2010 were $5.07 billion, down 1.9 percent from the $5.17 billion paid in 2009, but a dramatic improvement over the 8.7 percent contraction of the prior year. Fashion brands took in $690 million last year, down 2.1 percent from 2009, when $705 million was collected. The 2009 decline was 9 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)