Home / Knowledge / News / Apparel/Garments / SUFFER signs MOU for trademark licensing
SUFFER signs MOU for trademark licensing
22
Apr '11
Suffer announced that the company has signed a Memorandum of Understanding with anticipated value in the millions of dollars.

Joseph Lewis, President of Suffer, stated, "Canada is one of the strongest markets in MMA. In fact the UFC is holding its Fan Expo in Toronto late this month in conjunction with UFC 130. It is the first MMA event held by the UFC in Ontario since they made the sport legal. Canada was already one of the, if not the, biggest consumers of MMA related merchandise after the US. Now it is only going to get better. Frank Mir is going to Canada for the Expo to help promote Suffer."

Terms of the MOU call for Suffer to allow a Canadian Company use of trademark rights related to Apparel. Suffer would design the Apparel in the United States, but the actual production and distribution would take place in Canada. Suffer would retain a percentage of the Gross Sales Revenue, and would provide access to its athletes such as Frank Mir, Robert Drysdale, and Fernando Vargas for promotional events. Suffer will also collaborate with the company to air television ads throughout Canada that Suffer has recently been producing.

Suffer will retain its right to market to existing storefronts that it currently distributes to. Suffer also retains the rights to market any other non-related product such as products from the Media division.

Suffer's Projected Annual Revenues from the Canadian Company

Use of Trademark associated with apparel (T-Shirts, Hoodies, Hats, etc.)
$20,000,000 in projected Sales
$2,500,000 Suffer's Retained Percentage

Use of Trademark associated with approved Fight Gear
$5,000,000 in projected Sales
$500,000 Suffer's Retained Percentage

Per terms of the MOU we may not disclose the name of the Canadian Company. The Company Manufactures and Distributes clothing throughout Canada. Their distribution network reaches approximately 989 stores.

Suffer

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search