Hilfiger ending licensing deal with Stride Rite
NEW YORK and LEXINGTON, Mass. Tommy Hilfiger Group announced today that it is ending its 10-year exclusive footwear licensing agreement with Collective Brands’ Stride Rite unit. Effective Jan. 1, 2009, Tommy Hilfiger will bring its men’s and women’s footwear business in-house. Stride Rite will continue to remain a licensee for the Tommy Hilfiger Kids footwear line through Dec. 31, 2009.
Collective Brands reported that it expects no material financial impact in fiscal year 2008 as a result of this move.
“We have always had a very successful relationship with Stride Rite and appreciate its valuable contributions to the brand over the past decade. However, since the Tommy Hilfiger Group acquired Tommy Hilfiger Footwear GmbH in 2007, the company that operates the footwear business internationally under a separate license agreement, we have experienced the benefits of having this type of dedicated expertise in-house,” said Fred Gehring, ceo of Tommy Hilfiger Group. “Therefore, we firmly believe that bringing the U.S. footwear business in-house as well will allow us to benefit from global economies of scale and further brand alignment.”
As part of the transition plan, Stride Rite will deliver the full Tommy Hilfiger Footwear collection for 2008. Several Stride Rite associates that have been directly involved with the Tommy Hilfiger business will join Tommy Hilfiger U.S.A.’s newly created Tommy Hilfiger Footwear division, and report to Anne Marino, president of Tommy Hilfiger licensing.
Verde joins TDIndustries board
DALLAS TDIndustries, a specialty construction company, has announced the appointment of Dora Ann Verde to its board of directors. Verde, a CPA and partner in the public accounting firm of Garza/Gonzalez & Associates in San Antonio, will serve as chairperson for TDIndustries’ audit committee.
According to Jack Lowe, Jr., board chair of TDIndustries, “We are fortunate to name Dora Ann Verde to our board and are very impressed with her exceptional qualifications.”
Brash Entertainment names legal affairs vp
Video game company, Brash Entertainment, announced that Melissa Miller has been appointed vp of legal affairs. Miller joined Brash from Fox Filmed Entertainment, where she handled legal affairs for domestic and global licensing and merchandising initiatives.
Prior to joining Fox, Miller practiced at Alschur Grossman Stein & Kahan, where she litigated on disputes involving partnership agreements, trade secrets and intellectual property.
“Melissa Miller has specialized in understanding complex partnerships and licensing agreements, making her an ideal fit for our business,” said Mitch Davis. “She navigates the Hollywood studio system with ease and is equally comfortable working closely with the game development community.”