US EditionAppeals Court Vindicates Licensee Fashion Footwear LLC in Battle Against Iconix
- On May 17, 2025, the New York Appellate Division issued a unanimous decision finding that US Pony Holdings wrongfully ended its exclusive footwear licensing agreement with Fashion Footwear LLC.
- This termination attempt followed Pony’s failure to meet a contractual condition requiring the sale of a majority of Iconix Brand Group shares, which was necessary to trigger termination rights.
- Both courts found Pony had no right to terminate and rejected its defense that Fashion Footwear’s delayed challenge barred claims, emphasizing Pony’s misleading conduct.
- Harry Adjmi, Fashion Footwear’s majority shareholder, praised Oved & Oved's legal team for securing this “spectacular outcome” that affirms licensee rights and highlights the millions in damages incurred.
- The ruling upholds contractual obligations for dominant licensors like Iconix and signals broad consequences for the fashion industry regarding license termination and brand partnerships.
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The Courier-Tribune+61 Reposted by 61 other sources
Appeals Court Vindicates Licensee Fashion Footwear LLC in Battle Against Iconix
NEW YORK, May 16, 2025 /PRNewswire/ -- In a significant decision with far-reaching implications for the fashion industry, a New York Appellate Court unanimously held that US Pony Holdings ("Pony") — an affiliate of global licensing powerhouse Iconix Brand Group…
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