Thomas Scott India Secures Exclusive Licensing and Global Supplier Agreement for Dockers Brand
Thomas Scott (India) Limited has established a significant brand partnership by signing a Licensing agreement and a Global Designated Supplier Agreement with ABG-Dockers, LLC for the iconic Dockers® brand in India. This strategic move solidifies the company's position in the premium lifestyle apparel segment.Under the terms of the agreement, Thomas Scott India will serve as the exclusive licensee for Dockers in the Indian market. The scope of operations encompasses product design, development, manufacturing, distribution, retail management, and e-commerce activities associated with the brand. Furthermore, the company has been appointed as a Global Designated Supplier (GDS), which authorizes it to manufacture Dockers products for the brand's international partner network.
The licensing agreement is set for a duration of five years, with an option provided to extend for another five years. The partnership involves Thomas Scott India Limited as the Licensee and ABG-Dockers, LLC as the Licensor.
Agreement Details Overview
The nature of this deal is defined as a long-term brand licensing arrangement, granting Thomas Scott India the exclusive right to use the 'Dockers' trademark in the licensed territory. The consideration for this exclusive rights hold is based on royalty payable on net sales of licensed products.In addition to the domestic exclusivity, which covers the territories of India, Nepal, and Bangladesh, the company has acquired a role as the Global Designated Supplier. This global mandate permits Thomas Scott to manufacture and supply licensed Dockers products to other authorized licensees and distributors outside the licensed territory, representing an additional business-to-business opportunity.
Details regarding the partnership are summarized below:
| Parameter | Details |
|---|---|
| Parties Involved | Thomas Scott India Limited (Licensee) and ABG-Dockers, LLC (Licensor). |
| Nature of Agreement | Licensing agreement and Global Designated Supplier Agreement for the Dockers brand. |
| Territory Covered | Exclusive licensing covers India, Nepal, and Bangladesh. |
| Global Role | Thomas Scott is appointed as a Global Designated Supplier (GDS), allowing it to manufacture and supply products to international licensees and distributors. |
| Time Period | 5 years with an option for extension for another 5 years. |
Counterparty Strength and Business Impact
The counterparty, ABG-Dockers, LLC, is a subsidiary of Authentic Brands Group (Authentic), which operates as a global brand management platform. According to publicly available information, Authentic's diverse portfolio generates more than USD 36 billion in annual systemwide retail sales worldwide, supported by a network exceeding 1,700 licensing partners across over 150 countries.The signing of this agreement benefits Thomas Scott India significantly, as it allows the company to integrate Dockers®, an internationally recognized casualwear brand owned by Authentic Brands Group, into its collection of licensed and international brands. This strengthens the company's presence within the premium lifestyle apparel segment in India.
THOMASCOTT Stock Price Movement
Thomas Scott (India) Limited shares settled today after shedding 0.93% in a closed market, ultimately posting at ₹302.4. The stock traded within an intraday range, reaching a high of ₹312.6 before finding lows near the ₹300 mark during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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