Premier Goal Club LLC and Balanced Tech Corp. filed a lawsuit against Umbro IP Holdings LLC seeking $90 million in damages for alleged breaches of trademark licensing agreements.The lawsuit was filed Saturday night in a New York State Supreme Court in Manhattan. The 12-page complaint alleged breaches of the agreements regarding the "'Umbro' trademark and of the implied covenant of good faith and fair dealing" by Umbro, an affiliate of Iconix Brand Group Inc. Iconix, a brand management firm, owns the Umbro brand and related intellectual property assets. PGC is the footwear licensee, while BTC is the intimate apparel licensee.The court document said Umbro — referred to as Iconix in the lawsuit, although Iconix itself is not a defendant in the case — "has purposefully hindered PGC's ability to perform under its contract, has misled plaintiffs about its business plans and has notified plaintiffs of its intentions to enter into a new licensing agreement with a major retailer, without giving the plaintiffs their contractually guaranteed rights to continue selling licensed products for a transitional period," as provided for in the agreements.According to the complaint, the name of the retailer was disclosed to the plaintiffs but was not specified in the court document.The court document detailed each licensing agreement, indicating that they were similar, and contained a provision that, under certain limitations, gave Iconix permission to have a "direct-to-retail" arrangement. The latter would involve Iconix granting a retailer the right to use the Umbro trademarks that were under license. The document said the right to engage in "direct-to-retail" was contingent on certain limitations such as meeting certain guaranteed licensing revenue benchmarks and, once met, provided for a transitional period in which the licensee can sell off existing inventory.PGC claimed that Iconix allegedly interfered with the agreements by having it produce footwear at prices that exceeded Umbro's market segment, resulting in depressed sales. And the complaint said not allowing a "sell-off" period leaves the two plaintiffs holding worthless inventory and deprives them of revenues they are entitled to under the contracts. It also alleged that Iconix made no attempt to help them secure business from the retailer.PGC is seeking compensatory damages of at least $84.2 million, while BTC is seeking compensatory damages of at least $5.3 million. The two are also seeking prejudgment interest and any other relief the court deems "just and proper."A spokeswoman for Iconix could not be reached for comment.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)