Interviews
SUFFER signs $2.5 mn MOU for distribution
08 Apr '11
1 min read
SUFFER announced that the company has signed a Memorandum of Understanding valued at a minimum of 2.5 Million Dollars with a Distributor in Mexico.
Joseph Lewis, President of Suffer, stated, "Mexico is a market that the UFC is pursuing pretty hard right now. The UFC has talked about possibly hosting an event in Mexico City. We want Suffer to be ready when Latinos start to follow MMA more."
Recently Suffer announced that Fernando Vargas has been at the Suffer Training Center. He is a fan of MMA and has a great following in Mexico. We hope to use him as well as additional MMA athletes to promote out apparel line in Mexico.
Some of the terms of the MOU are for a minimum sale to be 2.5 Million Dollars, and to allow the group to distribute Non-Exclusively to their network online as well as up to 300 stores in Mexico and to other areas of South America excluding Brazil, where we have another distributor already in place.
Joseph Lewis, President of Suffer, stated, "Mexico is a market that the UFC is pursuing pretty hard right now. The UFC has talked about possibly hosting an event in Mexico City. We want Suffer to be ready when Latinos start to follow MMA more."
Recently Suffer announced that Fernando Vargas has been at the Suffer Training Center. He is a fan of MMA and has a great following in Mexico. We hope to use him as well as additional MMA athletes to promote out apparel line in Mexico.
Some of the terms of the MOU are for a minimum sale to be 2.5 Million Dollars, and to allow the group to distribute Non-Exclusively to their network online as well as up to 300 stores in Mexico and to other areas of South America excluding Brazil, where we have another distributor already in place.
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