Business
iFabric Corp Announces Maidenform(R) License Renewal
MARKHAM, ON / ACCESSWIRE / October 23, 2023 / iFabric Corp. ("iFabric" or the "Company") (TSX:IF...
About this update from Ifabric Corp.
[{"type":"text","content":"iFabric Corp Announces Maidenform(R) License RenewalMARKHAM, ON / ACCESSWIRE / October 23, 2023 / iFabric Corp. (\"iFabric\" or the \"Company\") (TSX:IFA)(OTCQX:IFABF), today announced that its wholly-owned subsidiary company, Coconut Grove Pads Inc. (\"CGP\"), has renewed its license and distribution agreement with HBI IP Holdings Switzerland GmbH (\"HBI\") and Maidenform LLC (\"Maidenform\"), both subsidiaries of HanesBrands Inc. (\"HanesBrands\"). The agreement covers the distribution by CGP of intimate apparel accessories and specialty bra solutions which are marketed under HanesBrands' Maidenform® brand.Under the terms of the agreement the Company has the non-exclusive right to use trademarks in connection with the manufacture, marketing, sale and distribution of various Maidenform® branded products, in the Company's market segment in certain countries including, among others, the United States, Canada, Mexico, the United Kingdom and a number of Caribbean countries.\"We are pleased to continue our longstanding relationship with this iconic brand,\" said Hylton Karon, President/CEO of iFabric Corp. \"The Maidenform brand is an important part of our offering, that allows us to gain entrance into some of the largest global retailers. The new agreement underscores the continued confidence that HanesBrands has in CGP, from the signing of the original license agreement in January 2011,\" concluded Mr. Karon.About HanesBrandsHanesBrands (NYSE:HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company's iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; and Bonds, which is setting new standards for design and sustainability. HBI employs 51,000 associates in 32 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a long-time leader in sustainability, launched aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. HBI is building on its unmatched strengths to unlock its full potential and deliver long-term growth that benefits all of its stakeholders.About iFabric Corp:Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is list...