Michael Kors Completes Versace Purchase; Renamed Capri Holdings

Michael Kors Holding completed its $2.1 billion acquisition of Versace and renamed itself Capri Holdings. The fashion group also includes the high-end shoe brand Jimmy Choo; the combined company is expected to generate $8 billion in annual revenue within the next few years as distribution expands in Asia, Capri said. Versace, which has longstanding licensing agreements with Luxottica (eyewear) and

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Spin Master is New DC Comics Licensee for Action Figures and More

Just before the holiday break, at a time when companies normally try to bury bad news, Spin Master announced that had signed a deal with Warner Bros. Consumer Products (WBCP) to be the DC global licensee for boys’ action figures, remote control and robotic figures, games, puzzles and water toys. The three-year deal is effective in Spring 2020. Rights in

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Scientific Games Extends Hasbro License with Rights to 15 Properties

Scientific Games extends agreement with Hasbro to 2025 with rights to 15 properties, adding table games (craps, blackjack, baccarat) to a roster that includes lotteries, slot machines, real-money online digital gaming and social casinos (free-to-play online games). Among the additions to Scientific Games’ portfolio of Hasbro-licensed properties for the U.S. and Canada are Game of Life, Battleship, Yahtzee, Scrabble and

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Craftsman Licensing Expansion Slated for 2019

Stanley Black & Decker (SBD) plans a broad expansion of the licensing program surrounding the Craftsman brand in 2019, with about 40 licensees generating 600 SKUs. Between core and licensed products, the brand is expected to appear in 100 merchandise categories, up from 60 in 2018,  says SBD’s Todd Snellenburg. About 100 Craftsman products from 20 licensees, including power washers

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Naked Brand Group First-Half Loss Widens

Naked Brand Group’s loss in the first half ended July 31 widened to $26.5 million from $18.5 million a year earlier in, as it struggled securing adequate inventory due to “liquidity issues,” the company said in an SEC filing this week. Revenue declined 5.1% to $56.8 million. Naked Brand Group is the surviving company from the June merger of Naked

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NBA Deal Fueling ‘Strong Growth’ For Nike

Nike’s eight-year licensing agreement with the NBA is “fueling strong growth” for the company in creating a sales “lift” in basketball apparel, CEO Mark Parker said in releasing earnings for Q2 ended November 30. The sales have “accelerated,” this year, the second full year in which Nike has NBA rights.  It signed an agreement worth more than $1 billion in

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AMC Entertainment, Imax Shifting VR Focus

AMC Entertainment and Imax are shifting the focus of their virtual reality strategies from in-theater centers to standalone Dreamscape Immersive locations, the first of which opened this month. Imax and AMC, who are investors in VR developer Dreamscape, moved earlier this year to close three non-Dreamscape in-theater locations they had opened in New York, Shanghai and Los Angeles, with Imax

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Scholastic’s Q3 Profit Rises

Scholastic’s net income rose 25% to $71.6 million in Q2 ended Nov. 30, due partly to a YouTube video that jumped-started sales of the previously out-of-print “The Wonky Donkey” children’s book, resulting in a publishing run of 1.2 million copies, Scholastic CEO Richard Robinson said. The popularity of the four-minute video of Scottish grandmother Janice Clark reading the book to

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Executives

Appointments at Global Brands Group (GBG): Ronald Ventricelli, formerly GBG CFO, appointed COO and President North America, the latter filling post vacant since Jason Rabin was named CEO at Centric Brands, following its acquisition of GBG’s children’s business; Mark Caldwell, ex-LF USA, appointed CFO… Changes at Point 1888: Gabbi Langdorf, ex-Global Merchandising Services, joins as Senior Brand Mgr.; Hannah Stevens,

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Agencies

Earthbound now represents Ford Motor Co., taking over a program (which includes branbds such as Mustang and F-150) across lifestyle apparel, electronics, auto care, toys and games… Reemsborko is handling licensing in Europe for Crunchyroll’s anime horror series “The Junji Ito Collection” with plans to seek deals in apparel, wall décor, puzzles and stationery. The 12-episode series, based on the

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