Bakers Footwear Sells Its Brand Name For Us $4 Million
On December 30th, Bakers Footwear Group today agreed to sell Wild Pair trademark and related trademark to Steven Madden, with a trademark value of US $4 million.
As part of the paction, Bakers will continue to adopt a non exclusive.
Permit
Provide Wild Pair footwear.
Bakers shoes said it expects to see the net from this paction.
Profit
Between $3 million 300 thousand and $3 million 900 thousand.
Bakers said that in adjusting the separate documents, it also agreed to sell certain other assets to Steven Madden for 500 thousand US dollars, but could not identify these assets.
President and chief of Bakers shoe company
implement
Chief executive Peter Edison said the company believes that Steven Madden is "the most potential company to take advantage of this great opportunity to expand the branches of clothing and Wild Pair trademarks."
"The framework of this paction enables Bakers to benefit from the expansion of future Wild Pair" "we can continue to develop with our Wild Pair in our own stores and websites," she said mildly. "From the brand's extra market share and many Wholesale partners, it looks like Steve Madden."
He said.
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