Deals28 Sept 2026, 04:07 pm
Thomas Scott India Partners with F21 IPCO LLC for Forever 21 Brand in India
AI Summary
Thomas Scott (India) Ltd has entered into a Licensing Agreement and Global Designated Supplier Agreement with F21 IPCO LLC, a subsidiary of Authentic Brands Group. This partnership grants Thomas Scott India the exclusive rights to design, develop, manufacture, distribute, retail, and manage e-commerce operations for the Forever 21 brand across India, Nepal, and Bangladesh. Additionally, the company will serve as a Global Designated Supplier, manufacturing Forever 21 products for the brand's international partner network. The agreement is for 5 years, with an option to extend for another 5 years. The consideration involves royalty payments on net sales and supply/wholesale margins.
Key Highlights
- Exclusive license for Forever 21 brand in India, Nepal, and Bangladesh.
- Appointed Global Designated Supplier for international product manufacturing.
- Agreement is for 5 years, extendable for another 5 years.
- Partnership leverages company's capabilities in fashion brand scaling.
- Consideration includes royalty on sales and supply margins.
Price Impact
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