ARIS IN LICENSE PACT IN CHINA FOR MEMBERS ONLY TRADEMARK
NEW YORK — Aris Industries said Wednesday that its Europe Craft Imports Inc. subsidiary has signed a licensing agreement for the use of its Members Only trademark in China.
During the course of the licensing agreement, which runs to June 30, 2007, the company expects minimum sales of Members Only products in China of $100 million and minimum royalty payments of more than $5 million.
Product licenses are primarily men’s sportswear and tailored clothing, but they also include luggage, handbags, footwear, cosmetics and fragrance, eyewear, small leather goods and related accessories. The agreement further provides options for additional Members Only lines.
The licensing agreement is with Mansfield Garment Co. Ltd., Hong Kong, and its parent company, Guangdong Enterprises (Holdings) Ltd. Guangdong, one of the largest vertically integrated apparel companies in China, owns textile mills, tanneries, factories, distribution facilities and department stores.