Denim company Blue Holdings Inc is a designer, maker and distributor of high-end fashion jeans and denim apparel through its wholly owned subsidiary Antik Denim, LLC, has signed a binding term sheet to be documented into a licensing agreement with Titan Industries Inc ("Titan"), a leader in women's fashion footwear. Under the term sheet, Titan can produce and market footwear for men and women bearing the "Antik Denim" trademark for sale in the United States, Canada and Mexico. The agreement has a three-year term renewable for another term of five years. Titan has the right to terminate the agreement after the first 18 months.
Based in Southern California, Titan manufactures and distributes footwear for brands such as J Lo, Betsey Johnson, Laundry by Shelli Segal and Joeyo. Titan has wide distribution in better department stores throughout the U.S. "For four years I've waited for the right opportunity to partner with Paul Guez. The opportunity finally arrived and I'm thrilled and anxious to launch 'Antik Denim Footwear'," stated Joe Ouaknine, Titan's Chief Executive Officer.
The American Apparel and Footwear Association reported that the U.S. footwear market was worth $51 billion in 2003.
"This agreement marks the beginning of licensing business which will bring us royalty income without any overhead expenses. Expanding into footwear will also elevate visibility and help us reach more new consumers," said Paul Guez, Chairman, Chief Executive Officer and President of Blue Holdings Inc.
California based Blue Holdings Inc, directly and through its wholly owned subsidiary Antik Denim, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories with a western flair under the "Antik Denim" and "Yanuk" brands, both in the United States and internationally. Blue Holdings currently sells men's and women's styles and is in the process of launching a children's line.
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