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Hanamel to distribute Emanuel Ungaro line in Korea
05 Jun '08
3 min read
Marchpole Holdings plc, the fashion brand management group, is pleased to announce an exclusive long term licence and distribution agreement for Emanuel Ungaro in Korea and the extension of three sublicenses through its wholly owned French subsidiary JC Castlebajac.
The agreement has been signed with leading Korean distributor, Hanamel Group ('Hanamel') for an initial period of five years, extendable for a further five years. The contract is worth a guaranteed EUR 5.2 million over the first five years. Under the terms of the agreement, Hanamel will distribute the Emanuel Ungaro first line range through multi-brand stores throughout Korea and through a new flagship store which will open in Seoul in 2009.
Additionally, Marchpole has agreed a new sub-licensing and manufacturing agreement for Ungaro Homme with E-Sense. Under the terms of the five year partnership, E-Sense will distribute the range through multi-brand stores throughout Korea and open 17 dedicated shops in shops in the first year rising to 35 by the fifth year.
The Company continues to build upon its progress in 2007 and is pleased to announce the extension of two of the existing licensing agreements. Both contracts with Rossignol, the major skiwear company recently acquired by the Quicksilver Group,and Bragard, the major French uniform company that were due to expire in 2010, have been extended for a further five years to 2015.
Under the terms of the new agreement with Rossignol Marchpole is the exclusive distributor of the brand for the UK and Japan. Both contracts have been successfully renegotiated with an increase in the minimum annual incomes.
The agreement has been signed with leading Korean distributor, Hanamel Group ('Hanamel') for an initial period of five years, extendable for a further five years. The contract is worth a guaranteed EUR 5.2 million over the first five years. Under the terms of the agreement, Hanamel will distribute the Emanuel Ungaro first line range through multi-brand stores throughout Korea and through a new flagship store which will open in Seoul in 2009.
Additionally, Marchpole has agreed a new sub-licensing and manufacturing agreement for Ungaro Homme with E-Sense. Under the terms of the five year partnership, E-Sense will distribute the range through multi-brand stores throughout Korea and open 17 dedicated shops in shops in the first year rising to 35 by the fifth year.
The Company continues to build upon its progress in 2007 and is pleased to announce the extension of two of the existing licensing agreements. Both contracts with Rossignol, the major skiwear company recently acquired by the Quicksilver Group,and Bragard, the major French uniform company that were due to expire in 2010, have been extended for a further five years to 2015.
Under the terms of the new agreement with Rossignol Marchpole is the exclusive distributor of the brand for the UK and Japan. Both contracts have been successfully renegotiated with an increase in the minimum annual incomes.
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