Deckers Outdoor Corporation has signed two license agreements for watches and eyewear with Capo, Inc. for the United States and Canada.
Through its worldwide licensing agent, BHPC Global Licensing, Deckers Outdoor Corporation signed two license agreements with Capo, Inc., a full-service company for vision enhancement and time pieces. Under the terms of the agreement, Capo, Inc. will design and market Teva branded watches and watch accessories and Teva branded eyewear and eyewear accessories. Teva watches and eyewear will be sold through fine department stores and independent specialty stores alike. The initial term for both licenses is through March 2007, with additional three-year renewal terms.
Douglas Otto, Chairman and Chief Executive Officer of Deckers Outdoor Corporation, stated “We are very pleased to announce these licensing agreements for Teva. With the addition of watches and eyewear to the previous licenses we signed for men's apparel and headwear, we have continued to execute our strategy of further leveraging the lifestyle nature of the Teva brand. Simultaneously, in a relatively short period of time we have set the stage to increase the breadth and depth of Teva branded product in the marketplace. We remain committed to capitalizing on the many growth opportunities that lie ahead.”