Joe's Jeans dissolves Intl distribution agreement with Beyond Blue
08 Feb '07
1 min read
Innovo Group Inc announced that its Joe's Jeans Inc subsidiary has entered into a mutual dissolution agreement with Beyond Blue Inc to end the Master Distribution Agreement (MDA) for the international distribution of the Company's Joe's and Joe's Jeans branded products.
The parties have each reserved certain rights under the MDA in an effort to resolve outstanding issues related to certain obligations under the MDA.
Marc Crossman, Chief Executive Officer of Innovo Group, stated, "We believe the decision to enter into this dissolution with Beyond Blue is in the best interests of the parties."
"While we are continuing to ship to our existing international distributors within each country, we are working to establish new distributor relationships and realign certain existing relationships in an effort to grow our international business."
Innovo Group Inc, through its operating subsidiary Joe's Jeans Inc, is a design and sales organization designing, producing and selling apparel products to the retail and premium markets under the Joe's and Joe's Jeans brands. Under these brands, the Company's apparel products consist of men's and women's denim and denim-related apparel products.
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