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HBI » Topics » We are prohibited from selling our Wonderbra and Playtex intimate apparel products in the EU, as well as certain other countries in Europe and South Africa, and therefore are unable to take advantage of business opportunities that may arise in such countrThese excerpts taken from the HBI 10-K filed Feb 19, 2008. We are
prohibited from selling our Wonderbra and Playtex intimate
apparel products in the EU, as well as certain other countries
in Europe and South Africa, and therefore are unable to take
advantage of business opportunities that may arise in such
countries.
In February 2006, Sara Lee sold its European branded apparel
business to Sun Capital. In connection with the sale, Sun
Capital received an exclusive, perpetual, royalty-free license
to manufacture, sell and
Table of Contents
distribute apparel products under the Wonderbra and
Playtex trademarks in the member states of the EU, as
well as Russia, South Africa, Switzerland and certain other
nations in Europe. Due to the exclusive license, we are not
permitted to sell Wonderbra and Playtex branded
products in these nations and Sun Capital is not permitted to
sell Wonderbra and Playtex branded products
outside of these nations. Consequently, we will not be able to
take advantage of business opportunities that may arise relating
to the sale of Wonderbra and Playtex products in
these nations. For more information on these sales restrictions
see “Business — Intellectual Property.”
We are prohibited from selling our Wonderbra and Playtex intimate apparel products in the EU, as well as certain other countries in Europe and South Africa, and therefore are unable to take advantage of business opportunities that may arise in such countries. In February 2006, Sara Lee sold its European branded apparel business to Sun Capital. In connection with the sale, Sun Capital received an exclusive, perpetual, royalty-free license to manufacture, sell and
Table of Contentsdistribute apparel products under the Wonderbra and Playtex trademarks in the member states of the EU, as well as Russia, South Africa, Switzerland and certain other nations in Europe. Due to the exclusive license, we are not permitted to sell Wonderbra and Playtex branded products in these nations and Sun Capital is not permitted to sell Wonderbra and Playtex branded products outside of these nations. Consequently, we will not be able to take advantage of business opportunities that may arise relating to the sale of Wonderbra and Playtex products in these nations. For more information on these sales restrictions see “Business — Intellectual Property.” This excerpt taken from the HBI 10-K filed Sep 28, 2006. We are
prohibited from selling our Wonderbra and Playtex intimate
apparel products in the EU, as well as certain other countries
in Europe and South Africa, and therefore are unable to take
advantage of business opportunities that may arise in such
countries.
In February 2006, Sara Lee sold its European branded apparel
business to an affiliate of Sun Capital. In connection with the
sale, Sun Capital received an exclusive, perpetual, royalty-free
license to sell and distribute apparel products under the
Wonderbra and Playtex trademarks in the member
states of the EU, as well as Russia, South Africa, Switzerland
and certain other nations in Europe. Due to the exclusive
license, we are not permitted to sell Wonderbra and
Playtex branded products in these nations and Sun Capital
is not permitted to sell Wonderbra and Playtex
branded products outside of these nations. We are also not
permitted to distribute or sell certain apparel products, not
including Hanes products, in these nations until February
2007. Consequently, we will not be able to take advantage of
business opportunities that may arise relating to the sale of
Wonderbra and Playtex products in these nations.
For more information on these sales restrictions see “Our
Business—Intellectual Property.”
The
success of our business is tied to the strength and reputation
of our brands, including brands that we license to other
parties. If other parties take actions that weaken, harm the
reputation of, or cause confusion with our brands, our business,
and consequently our sales and results of operations, may be
adversely affected.
We license some of our important trademarks to third parties.
For example, we license Champion to third parties for
athletic-oriented accessories. Although we make concerted
efforts to protect our brands through quality control mechanisms
and contractual obligations imposed on our licensees, there is a
risk that some licensees may not be in full compliance with
those mechanisms and obligations. In that event, or if a
licensee engages in behavior with respect to the licensed marks
that would cause us reputational harm, we could experience a
significant downturn in that brand’s business, adversely
affecting our sales and results of operations. Similarly, any
misuse of the Wonderbra and Playtex brands by Sun
Capital could result in bad press and a loss of sales for our
products under these brands, any of which may have a material
adverse effect on our business, results of operations or
financial condition.
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