The DSquared2 Group ends its existing license agreement with Staff International SPA with immediate effects. As a result, the group will take over direct control over the production and distribution of its ready-to-wear collections, the Italian fashion company said on Saturday. However, the OTB Group, to which Staff International belongs, starts this decision.
“Regarding the news, which is spread by the DSAUMED2 Group today, Staff International announced that on March 27th before the court in Milan in Milan, she filed a lawsuit against Grascoe Holdings, Dsquared2 Trademarks Limited and the Designer Dean and Dan Caten in order to assert her right to fulfill the ongoing license agreement with the corresponding measures,” said one on Saturday from OTB published statement.
Staff International confirms his conviction of the unrestricted validity of the license agreement and confirms the intention to fully fulfill it until his regular process. Therefore, the company decisively rejects any assumption of early termination of the contractual relationship. In addition, one believes that the legal requirements for premature dissolution are not met, according to the notification.
At the same time, Staff International emphasizes that the company will defend its rights transparently and determined, complies with its contractual obligations and protects its reputation. It also reserves further legal steps.
To date, Staff International has an exclusive global license agreement with DSquared2 and is responsible for all phases of product research and development as well as for the omnichannel sales of the collections.
This article was used with digital tools translated.
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