MoU6 Jul 2024, 11:38 pm
Kothari Industrial Corporation Signs License and Distribution Agreement with Kickers international BV
AI Summary
Kothari Industrial Corporation Limited (KICL) has entered into a License and Distribution agreement with Kickers international BV on July 6, 2024. The agreement grants KICL the exclusive rights to manufacture, advertise, promote, sell, and distribute Kickers footwear products in both domestic and international markets. The agreement does not involve any related party transactions, and Kickers international BV had a turnover of 400 million Euro in the calendar year 2022-2023. KICL will actively promote the brand and pay royalties on the sale of the agreement products.
Key Highlights
- Kothari Industrial Corporation enters into a License and Distribution agreement with Kickers international BV
- Exclusive rights granted for manufacture, advertising, promotion, sale, and distribution of Kickers footwear products
- Agreement covers domestic and international markets
- No related party transactions involved
- Kickers international BV had a turnover of 400 million Euro in the previous year