Panama Jack Name Licensed for Mexican Resorts

Panama Jack is making its first play for the resort business. The brand signed a deal with Playa Hotel and Resorts to apply its name to the 470-room Gran Caribe and 287-room Gran Porto in Playa Del Carmen and Cancun, Mexico. Terms weren’t disclosed, but the rebranding will be complete by late 2017, Panama Jack says. The plans call for

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Licensing News from CES

Licensing was in evidence at last week’s International CES in Las Vegas. A brief sampling: *Curtis International affiliate Display-Vu re-launched RCA TVs under a new agreement with licensor Technicolor. The pact represents an expansion of Curtis’ agreement for the RCA brand in Canada and replaces Technicolor’s previous licensee Activeon. Display-Vu also will sell mobile devices and major appliances under the

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Five Below Cuts Forecast

Five Below reduces its revenue forecast for Q4 ended Jan. 28 to $386-$388 million from $391-$397 million amid performance from licensed and trend-driven merchandise that didn’t reach year-ago levels, when it was boosted by strong sales of Shopkins, adult coloring books and Star Wars merchandise. The forecast for Q4 a same-store sales increase also was lowered to 1% from 2-3%.

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Party City Buys Back Franchises

Party City buys 18 franchised stores across four states from Sam Rubenstein for $15 million as the 750-store chain continues a long-term strategy to return franchised locations to company ownership, Party City VP Deborah Belevan tells us. “As franchised stores become available we will continue to buy them,” says Belevan. The 18 stores had combined sales of $34 million. Party

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Jazwares Gets “Ben & Holly” Master Toy License for North America

Entertainment One taps Jazwares as master toy licensee as TV series “Ben & Holly’s Little Kingdom” kicks off licensing program for North America. Jazwares, also is Entertainment One’s master toy licensee for Peppa Pig, will deliver a range of products in August, including action figures, vehicles and playsets. The series, which launched a licensing program in the UK with Character

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Hostess Licenses Brands to Nestle for Ice Cream

Hostess Brands, building on its recent IPO, signs a licensing agreement with Nestle for Twinkies, Sno Balls and Hostess Cupcakes ice cream, potentially generating “millions” in incremental gross margin dollars, investment firm Dane Capital Management said in a research note. A Nestle spokeswoman confirmed the agreement, but declined further comment. Hostess officials weren’t available for comment. “Although ice cream could

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Stanley Black & Decker to Buy Craftsman Brand from Sears, Which Would Become Licensee

Stanley Black & Decker (SB&D) agreed to buy Sears Holdings’ Craftsman brand in a deal valued at $900 million. As part of the agreement, Sears Holdings will be granted a perpetual license to source and sell Craftsman-branded products in its stores – royalty-free for the first 15 years, and with a 3% royalty after that. Under terms of the sale,

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Iconix Sells Sharper Image to Licensee ThreeSixty Group

Iconix Brand Group sold its Sharper Image brand to licensee ThreeSixty Group for $100 million, moving to “better leverage resources” by focusing on parts of its business with potential for “greater returns,” CEO John Haugh said. The sale, which closed Dec. 30, includes $98.5 million in cash for Sharper Image assets controlled by Iconix and another $1.75 million that will

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ABG Plans to Open Juicy Couture Stores in U.S.

Authentic Brands Group plans to open 5-10 Juicy Couture stores in the U.S. starting in 2017, positioning them as flagship locations to go along with store-with-a-store formats at some retailers, says ABG’s Jamie Salter. The stores would be the first in the U.S. since ABG bought the brand from Fifth and Pacific for $195 million in 2013 and later closed

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Licensed Merchandise on Rise at Trans World Entertainment

“Trend” sales accounted for 32% of Trans World Entertainment’s revenue in Q3 ended Oct. 31, up from 23% a year earlier as the chain boosted the number of renovated stores focused on the category to 25 from 18 in the previous quarter. The retailer, which operates f.y.e. stores, expects to add the new format to another 8 locations in Q4

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