A distributor of yarns and hand-knitting products, Knitting Fever has announced that it has taken legal action against the textile giant Coats Holdings Ltd., for various reason which, includes violation of a decade-long distributorship agreement.
According to the papers filed in federal district court in Central Islip, Knitting Fever has complained that Coats has ventured in a plan to keep Knitting Fever out of its progressively more rewarding US hand-knitting market.
Knitting Fever has claimed that the Coats has start selling the same products directly to the retailers under a different label, which Knitting Fever had been selling under the parties' agreement.
Sion Elalouf, President - Knitting Fever, informed that the company has spent an incredible amount of time, effort and its own money over the last ten years in making a feasible US market for Coats.
Now that the company is on a way to succeed and starting harvest its fruitful profits hard work, Coats is trying to seize everything for itself, it's just an unfair business,” he added.
marketing@alchempro.com
