EX-10.39 2 d272195dex1039.htm AMENDED AND RESTATED LICENSE AGREEMENT, EFFECTIVE AS OF JANUARY 1, 2012 Amended and Restated License Agreement, effective as of January 1, 2012

EXHIBIT 10.39*

 

 

Amended and Restated

L i c e n s e   A g r e e m e n t

 

 

between

HUGO BOSS Trade Mark Management GmbH & Co. KG

Dieselstrasse 12

D-72555 Metzingen

Germany

With its Branch

HUGO BOSS Trade Mark Management GmbH & Co KG

D- Metzingen Branch Ch-Zug

Baarerstr. 131

CH- 6300 Zug

– hereinafter referred to as “HUGO BOSS” –

and

MGI Luxury Group S.A.

35 Rue de Nidau

CH-2501 Bienne

Switzerland

– hereinafter referred to as “Licensee” –

 

*

CONFIDENTIAL PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED FROM PAGES 3-6, 9, 10, 12, 13, 22, 24; APPENDIX 3 (PAGES 7-54; 58); APPENDIX 4 AND APPENDIX 5 (1ST PAGE AFTER COVER SHEET ENTTITLED “QUARTERLY REPORTS – FINAL FIGURES”) AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (“1934 ACT”).


 

2

 

Preface

 

a)

HUGO BOSS is entitled to grant licences for the trademarks “BOSS”, “HUGO BOSS”, “BOSS HUGO BOSS”, “HUGO”, and “HUGO HUGO BOSS” which are registered or under application for registration for various products in numerous countries around the world.

The HUGO BOSS group enjoys an excellent reputation world-wide as an established fashion house, which is based upon the high quality of HUGO BOSS products and the special HUGO BOSS image.

 

b)

Licensee is aware that HUGO BOSS grants production and distribution licenses to third parties for the above trademarks.

 

c)

The parties previously entered into a license agreement dated as of December 15, 2004 (the “Original License Agreement”) under which HUGO BOSS granted Licensee the right to use the Trademarks (as hereinafter defined) in connection with watches and the parties now wish to amend and restate the Original License Agreement, i.e. the Original License Agreement is terminated and replaced by this Agreement :

 

1.

Grant of License

 

1.1

Subject to the terms of this Agreement, HUGO BOSS hereby grants to the Licensee the exclusive non-transferable license to use the trademarks “HUGO BOSS”, “BOSS HUGO BOSS”, “HUGO HUGO BOSS”, “BOSS”, and “HUGO” as set forth in Appendices 1 and 2 to this Agreement, and any other trademarks which at any time during the term of this Agreement are owned by HUGO BOSS and contain either or both the words “HUGO” and/or “BOSS” (hereinafter referred to as the “Trademarks”), for the production, marketing, advertising, promotion, sale and distribution of the Licensed Products (as hereinafter defined) in the License Territory (as hereinafter defined) and in connection therewith, and subject to the terms hereof, to use the reputation and the image of HUGO BOSS and the products of HUGO BOSS. In addition, HUGO BOSS hereby grants Licensee the non-exclusive right and license to use the tradename HUGO BOSS as a tradename solely in connection with Licensee performing its obligations and exercising its rights under this Agreement.

The License includes, besides the exclusive right to use the Trademarks as set forth above, the right to use the Trademarks in advertising and PR materials, in promotional materials and on the packaging of the Licensed Products, subject to and within the limitations of the other provisions of this Agreement, in particular Art. 10. Trademark use on promotional gifts is only permitted upon obtaining the prior written approval of HUGO BOSS. The License further includes the exclusive right to use the HUGO BOSS Designs (as defined in section 6.5 hereof) and the right to use designs of the promotional material, and all associated copyrights, trade dress rights, and other design rights.


 

3

 

“Licensed Products” means

Men’s, women’s and children’s watches, e.g. wristwatches, pocket watches, alarm watches (sometimes hereinafter referred to collectively as “Watches”) in each case bearing the Trademarks on labelling, tags and/or on the products themselves.

“License Territory” means all countries of the world

“Exclusive” means in this context that during the term of this Agreement, HUGO BOSS will not grant any further licenses for the production, marketing, advertising, promotion, sale and/or distribution in the License Territory of the Licensed Products and moreover will not itself produce and/or distribute any Licensed Products in the License Territory. Notwithstanding the foregoing, HUGO BOSS retains the right to produce and/or distribute Licensed Products bearing the Trademarks to the extent it in good faith deems such use necessary or useful in order to perfect or preserve its rights in the Trademarks and only to the extent that Licensee has refused or failed to provide HUGO BOSS with the necessary Licensed Products within a reasonable time after written request made to Licensee by HUGO BOSS. All such Licensed Products provided by Licensee to HUGO BOSS shall be under terms of sale that are * consistent with Sec. 8.3 hereof. Moreover, nothing set forth herein shall limit in any way HUGO BOSS’ right to manufacture and/or distribute and/or grant licenses for manufacture and/or distribution of products other than Licensed Products.

 

1.2

It is the intention of the parties that the Licensee exploits the rights granted hereunder throughout the whole of the License Territory to the extent commercially reasonable. Subject to the terms of this Agreement, it shall be considered commercially reasonable for the Licensee to make use of the license and engage in an active course of distribution and marketing activities in those countries within the License Territory where the HUGO BOSS group has an existing marketing and distribution structure for its core products. However, the parties agree that Licensed Products shall be distributed, marketed and sold – at a minimum - in the following countries: (Europe:) United Kingdom, Germany, France, Spain, Italy, Benelux, Switzerland, Austria and Russia (Asia:) Japan, Hong Kong, South Korea, Taiwan, PR China, Singapore, (Americas:) U.S.A., Canada, Mexico, Brazil and Duty Free/ Travel Retail (as a market).

Licensee shall refrain from any activity which could adversely affect in any way the cooperation of the parties under this Agreement and any third party licensee of HUGO BOSS with respect to production, distribution, sales and promotion campaigns or any other activity using or in connection with the Trademarks.

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT


 

4

2.

Subcontractors

 

2.1

The Licensee is entitled to have the Licensed Products manufactured by third parties acting as subcontractors. In any case, manufacturers of the Licensed Product are to be considered as subcontractors according to this regulation. Licensee shall inform HUGO BOSS in a timely manner of new subcontractors at the latest 6 (six month) after production start.

 

2.2

Licensee warrants to HUGO BOSS that each subcontractor will perform all relevant obligations under this Agreement.

 

2.3

HUGO BOSS may request for cause, upon written notice to Licensee, at any time that a subcontractor shall discontinue the manufacturing of the License Products. It shall be considered as cause if, based on reasonable grounds which shall be set forth in the written notice delivered to Licensee as provided above, it appears likely that the subcontractor will materially and enduringly imperil the marketing concept of HUGO BOSS e.g. through the production of Licensed Products of inferior quality. The Licensee warrants that its agreements with subcontractors shall provide for immediate termination on the aforementioned grounds.

 

3.

HUGO BOSS Team

LICENSEE shall at all times maintain a separate team of highly experienced and qualified people in charge of the development, the marketing and the overall distribution and sale strategy of the Licensed Products.

 

4.

Payments / Taxes

 

4.1

The license and marketing fees payable by Licensee to HUGO BOSS are stated in CHF. The payment shall be made to account :

*

or such other account as HUGO BOSS may from time to time designate to Licensee in writing. Any amounts owing to HUGO BOSS which are past due shall bear interest at EURIBOR (reference date for EURIBOR rate is due date) plus 400 basis points (4.0% from the time payment is due).

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT


 

5

 

4.2

Direct taxes on the license fees and/or advertising contributions in the Federal Republic of Germany will be assumed by HUGO BOSS; Licensee agrees to pay any turnover tax (VAT) and/or withholding tax on the license fees, Marketing Contribution (as defined in Sec. 10.8) and/or Advertising Fees (as defined in Sec. 10.4) imposed on Licensee under the law of Switzerland, any Swiss Canton or any other taxing authority within Switzerland. An amount equal to the withholding taxes paid by Licensee shall be deducted by Licensee from the License Fees payable under Article 5 and/or from the Marketing Contribution or Advertising Fees payable under Article 10. Licensee shall, in due time, furnish HUGO BOSS with all certificates or other administrative documents issued by the Swiss taxing authority on the withholding taxes paid.

 

5.

License Fees

 

5.1

As compensation for the rights and opportunities for use provided in this Agreement, Licensee shall pay to HUGO BOSS a license fee in the amount of * % of the sum of the Net Sales. Net Sales shall designate the sales of Licensed Products made and invoiced by Licensee or by any entity controlled by, under common control with, or controlling Licensee (“Licensee Affiliate”) to an unrelated third party (e.g. customer or distributor or HUGO BOSS Group) after the deduction of:

 

   

Sales or value added taxes;

 

   

Customs duties and insurance costs;

 

   

Packing and freight charges;

 

   

Returns that Licensee actually authorizes and receives, not exceeding in any year an amount equal to * of Licensee’s total sales of Licensed Products in such year; and

 

   

Rebates and other allowances, defined as credits to a customer after delivery that Licensee actually grants in writing to the extent auditable, expressly excluding credits for warranty related or delivery or quality issues, and further excluding any credits included within the Marketing Contribution (as defined in Sec. 10.8) and not exceeding in any year an amount equal to * of Licensee’s total sales of Licensed Products in such year,

provided that each such item is indicated separately and appears clearly separate from the product price, or, in the case of returns and allowances, is appropriately documented. Deferrals and accruals which are not documented as credit notes are not allowed. Subject to Sec. 5.3 and subsequent adjustment for returns and allowances, the due date of the license fees is Licensee’s invoicing date to third parties. Notwithstanding anything contained herein to the contrary, sales of Licensed Products made to the French and German subsidiaries of the joint venture company owned by Movado Group, Inc. (“MGI”) and TWC S.A. in France and Germany shall be exceptionally considered sales to an unrelated third party

 

*

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6

 

according to this Section 5.1 but (for the avoidance of doubt) sales of Licensed Products made to the U.K. joint venture company owned by MGI and Swico Limited shall not be considered sales to an unrelated third party according to this Section 5.1.

 

5.2

Licensee shall pay to HUGO BOSS a minimum annual license fee each year equal to * Net Sales for such year under the Business Plan (as defined in Section 11).

 

Minimum License Fee:

  

*

  

for calendar year 2012,

  

*

  

for calendar year 2013,

  

*

  

for calendar year 2014,

  

*

  

for calendar year 2015,

  

*

  

for calendar year 2016,

  

*

  

for calendar year 2017 and

  

*

  

for calendar year 2018

The minimum license fee for each year shall be payable in monthly instalments throughout such year and on the last day of each month.

Notwithstanding the foregoing, in the event that the entity owning either the * brand acquires fifty percent (50%) or more of the voting rights of Licensee or of any entity controlling Licensee, then the minimum annual license fee each year shall be * Net Sales for such year as set forth in the Business Plan, beginning with the calendar year in which such change of ownership has taken place.

 

5.3

No later than 30 days after the last day of each calendar quarter (April 30, July 30, October 30 and January 30, respectively, or if such date shall fall on a weekend or holiday, the following business day), Licensee shall submit to HUGO BOSS a written statement setting forth the license fee and Advertising Fee (as defined in section 10.4) due for the immediately preceding calendar quarter, giving a count by country of total Licensed Products sold per stock keeping unit (“SKU”) and the applicable Net Sales. Licensee shall remit to HUGO BOSS with each such statement the aggregate license fee and Advertising Fee due for the calendar quarter then ended. After the fourth quarter each year, Licensee shall determine the license fee and the Advertising Fee due for such year and, where necessary, the difference between the minimum fees and the license fees and Advertising Fees paid for such year.

In the event the payments made were less than the minimums due for any such year, Licensee shall transmit the difference at the latest with the payment of the License fee due for the fourth quarter. In the event the payments made were more than minimums due for any such year, Licensee can deduct the overpaid differences from the license fee and Advertising Fee due in the fourth quarter.

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT


 

7

 

Moreover, the Licensee shall submit written monthly statements of the Net Sales of Licensed Products per country, brand and gender as well as the Travel Retail separately (the Net Sales Monthly Statement). The Net Sales Monthly Statement shall also identify separately wholesale versus retail Net Sales. This Net Sales Monthly Statement shall be sent to HUGO BOSS no later than 10 days after the last day of the relevant month. Reporting currency will be CHF.

 

6.

Product Development, Product Design

 

6.1

To ensure the uniformity of quality and image in all products sold by HUGO BOSS and its licensees and bearing HUGO BOSS trademarks, the principal design guidelines and general structure of the collection shall be provided by HUGO BOSS to Licensee for development of the Licensed Products. Licensee agrees to observe and comply with all such guidelines and briefings and acknowledges HUGO BOSS’ high quality standards and reputation in high end fashion products. HUGO BOSS will notify Licensee in due time when such guidelines will be materially modified.

 

6.2

Licensee shall provide all its design proposals in the following process:

 

  (i)

Licensee shall present to HUGO BOSS design drawings. After approval according to this subsection 6.2,

 

  (ii)

Licensee shall present to HUGO BOSS prototypes. After approval according this subsection 6.2,

 

  (iii)

Licensee shall present to HUGO BOSS pre-production samples for approval. Licensee warrants that production conforms to the approved pre-production samples.

HUGO BOSS shall, with respect to each submission made by Licensee for approval, notify Licensee in writing without undue delay, and in any event within ten (10) business days, as to whether it approves the submission. Unless HUGO BOSS disapproves any submission with the specified time period, it will be deemed approved. In the event HUGO BOSS disapproves any submission, it will furnish Licensee with the reasons for such disapproval together with notice thereof.

Licensee shall not proceed with the manufacture of a new product design for any Licensed product without the written approval of HUGO BOSS as provided hereunder.

 

6.3

Following approval by HUGO BOSS of any prototype as provided hereunder, Licensee shall provide HUGO BOSS with samples of the Licensed Products from the first production run using the approved designs for the purpose of obtaining HUGO BOSS’ written approval of said samples. Each party shall receive and maintain an approved production run sample of every approved model for purposes of documentation of said approval and quality control of the Licensed Products pursuant to Sec. 7. The costs of creation and supply of the samples shall be borne by Licensee.


 

8

 

6.4

The parties acknowledge and agree that it is essential to the image and reputation of HUGO BOSS to regularly adjust the range of designs of the Licensed Products (like those of HUGO BOSS and its other licensees) to meet new demands and fashion trends. The intervals of the renewal and expansion of product designs will be mutually determined by the parties acting in good faith.

 

6.5

Licensee agrees that HUGO BOSS shall become and remain the sole owner of any design that it approves hereunder which is not in the public domain and which previously was not used by Licensee on products other than the Licensed Products, including usage of special materials, creation of special colour effects and shapes, to the extent the respective Licensed Products are actually offered for sale in any jurisdiction (“HUGO BOSS Designs”). HUGO BOSS shall protect all HUGO BOSS Designs, where appropriate, in accordance with Sec. 13. of this Agreement. In addition, HUGO BOSS remains the sole owner of any design for the Licensed Products which was developed by HUGO BOSS. Licensee shall remain the owner of designs proposed to HUGO BOSS but not used on any Licensed Products sold to third parties.

 

6.6

Licensee shall provide HUGO BOSS, on its own costs, with one sample of each launched Licensed Product.

 

7.

Quality

 

7.1

Licensed Products produced by Licensee for sale shall conform to the samples from the first production of such Licensed Products approved by HUGO BOSS pursuant to Section 6.3. Licensee shall adhere to the standards of quality (including, without limitation, materials, design and workmanship) as well as the social standards of HUGO BOSS Group set forth in Appendix 3 (as such standards may be updated and expanded by mutual agreement between the Parties from time to time) and safeguard the quality of Licensed Products by means of quality-control measures approved by HUGO BOSS. In doing so, Licensee acknowledges HUGO BOSS’ high quality standards and reputation in high end fashion products.

 

7.2

All modifications with respect to materials, design and workmanship in a series under production require the prior written approval of HUGO BOSS.

 

7.3

HUGO BOSS may at any time, upon giving reasonable prior notice, carry out quality and manufacturing control inspections at the premises of Licensee, or wherever the Licensed Products are being manufactured, or it may have such inspections performed by third persons. Licensee agrees to permit such examinations, also with respect to subcontractors, during normal business hours and facilitate said inspections.


 

9

 

7.4

In the event that any Licensed Products produced or in production do not conform to the required specifications, HUGO BOSS shall give notice of such nonconformity to Licensee and, in HUGO BOSS’ sole discretion, determine whether the affected Licensed Products may be sold. In the event Licensee shall become aware of any such nonconformity, it shall immediately notify HUGO BOSS thereof prior to the distribution of the affected Licensed Products, so that HUGO BOSS can make appropriate decisions as to conforming such products to the applicable quality standards that shall be binding upon the Licensee. In any case in which either party has notified the other of any such quality problem, no affected Licensed Products shall be distributed until HUGO BOSS has approved and monitored the necessary modifications to said products or otherwise indicated in writing that the products are acceptable. If it is not reasonably practicable to conform the affected Licensed Products to the applicable quality standards, Licensee shall have the right to sell such Licensed Products but only after removing any identifying brand names and only through its outlet stores or through approved clearance channels; alternatively the affected Licensed Products will be destroyed under the supervision of HUGO BOSS and the costs thereof borne by Licensee.

 

8.

Distribution

 

8.1

Licensee shall be responsible for the distribution of the Licensed Products throughout the License Territory. The parties agree that the Licensed Products will be offered, sold and distributed by Licensee directly and/or through Licensee’s distributors exclusively through distribution channels which suit the image of the Trademarks and the marketing policies of HUGO BOSS including the following:

 

   

specialised retail dealers;

 

   

high-end department stores, provided they are HUGO BOSS clients;

 

   

HUGO BOSS Group own retail Stores, shops and outlets (directly operated stores = DOS);

 

   

HUGO BOSS stores and shops provided they are franchise partner of HUGO BOSS Group

 

   

Duty-Free stores;

 

   

Licensee’s own outlet stores;

 

   

After prior written approval by HUGO BOSS, which shall not be unreasonably withheld: Other clearance channels up to * of annual Net Sales. In case where said percentage of Net Sales exceeds *, Licensee needs the express and written approval by HUGO BOSS for such distribution on a case-by-case basis, such approval not to be unreasonably withheld.

 

   

After prior written approval by HUGO BOSS: catalogues, premium, incentive, and on-line sales.

 

   

Military accounts

 

*

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10

 

Within the framework of the Business Plan and subject to this section 8.1, Licensee shall suggest, and the Parties shall agree on individual distribution channels (importers, retail dealers, “points of sale”) for the Licensed Products.

 

8.2

Licensee shall enter into separate distribution agreements with its distributors. No rights or duties shall be derived for HUGO BOSS from the resulting direct contract relationship between Licensee and its distributors. However, Licensee guarantees that the agreements between Licensee and its distributors will terminate if the agreement between HUGO BOSS and Licensee terminates for any reason whatsoever.

Licensee will terminate its contract with any distributor in the event that any such distributor violates a material term of such contract which reasonably is expected to adversely affect the reputation, image, style and marketing strategy of HUGO BOSS (e.g., no diversion of Licensed Products, adherence to advertising protocol, selling only to approved accounts), and such violation has not been remedied within fifteen (15) calendar days. Licensee warrants that such a remedy and termination clause will be provided for in the respective agreements.

 

8.3

At the request of HUGO BOSS, Licensee will sell the Licensed Products to HUGO BOSS itself, to organisations within HUGO BOSS’ distribution network for further distribution to its local customers (e.g. franchising stores, BOSS HUGO BOSS Shops in Shops, etc.) or directly to said local customers under terms of sale that are no less favourable than those Licensee grants to its large, full-price key accounts..

Sales to HUGO BOSS directly operated stores will generally be * .

Once each year HUGO BOSS DOS shall have the right, with the prior written approval of Licensee (which approval shall not be unreasonably withheld) to * .

 

8.4

Licensee shall entrust the distribution of the Licensed Products as follows:

Nominated sales personnel shall attend mainly to the distribution of the Licensed Products. These personnel will not distribute or be otherwise involved in handling any products competing with the Licensed Products, i.e. with high-end designer brands, without the prior written approval of HUGO BOSS. The distribution system, as well as the countries included within Licensee’s key market plan and Licensee’s organizational structure with respect to the License Products, are set forth in the Business Plan.

 

*

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11

 

Licensee will select its sales personnel in accordance with and inform its sales personnel of the product philosophy of the Licensed Products as communicated by HUGO BOSS. Upon request by HUGO BOSS, Licensee shall cause its employees who are entrusted with the distribution of the Licensed Products to be trained regularly by HUGO BOSS or by persons or companies instructed by HUGO BOSS. Licensee will require each such employee to abide by such product philosophy.

 

8.5

Licensee acknowledges that to preserve the goodwill associated with the Trademarks, License Products should be sold at prices and terms reflecting the prestigious nature of the Trademarks, and the reputation of the Trademarks as appearing on goods of high quality and reasonable price, it being understood, however, that HUGO BOSS is not empowered and may not fix or regulate the prices for which the Licensed Products are to be sold, either at the wholesale or the retail level. The Licensee shall inform HUGO BOSS every season about the changes of the assortment such as carry over and phase-out products. Dates need to be mutually agreed (May and November)

 

8.6

Licensee shall not materially breach the applicable terms and dates of delivery and shall in a timely and complete manner inform HUGO BOSS of any material problems which arise in connection therewith, particularly delivery delays.

 

8.7

Licensee shall handle all customer inquiries and complaints relating to the Licensed Products in a manner consistent with the manner in which it handles customer inquiries and complaints relating to watches it sells at comparable prices under other brand names. Licensee shall provide substantially the same service, warranties, repair and replacement rights to wholesale purchasers and consumers of the Licensed Products as it provides to purchasers of such other watches. Licensee shall be solely responsible for all costs associated with the handling of such inquiries and complaints and the provision of such service.

The After Sales Service is subject to the quality requirements as stated in Section 7 of this Agreement and may be controlled by HUGO BOSS in accordance with the same conditions.

 

9.

Launch Dates

The parties shall agree on an annual general launch schedule, and on further seasonal launch schedules based on said annual launch schedule.


 

12

 

10.

Marketing, Advertising and Promotional Measures

 

10.1

With regard to the general HUGO BOSS marketing activities, HUGO BOSS alone is in charge of all activities including all marketing, advertising (e.g. newspapers, magazines, billboards, TV, radio, internet sites) and promotional as well as sport and art sponsoring activities.

 

10.2

Within the framework of the Business Plan (Sec. 11), marketing, advertising and promotional activities in connection with the Licensed Products shall be agreed upon with the Licensee. The parties shall inform each other regularly about the implementation of this Business Plan.

 

10.3

With respect to the Licensed Products, subject to section 10.4, HUGO BOSS is in charge of conception and design of all advertising activities (e.g. concepts, layouts and shootings for print and billboard campaigns; concepts, layouts and production for TV or radio spots; concepts, layouts and set ups of internet sites; all media bookings and spending

 

10.4

To contribute to the costs for the above-mentioned activities of HUGO BOSS, Licensee shall pay to HUGO BOSS an amount each year equal to the greater of (i) * target Net Sales for such year set forth in the Business Plan (“Advertising Fee”).

The Minimum Marketing Fee for each year shall be payable in monthly instalments throughout such year and on the last day of each month.

Notwithstanding the foregoing, in the event that the entity owning either the * brand acquires fifty percent (50%) or more of the voting rights of Licensee or of any entity controlling Licensee, then the Advertising fee each year shall be * target Net Sales for such year as set forth in the Business Plan.

The Advertising Fee shall be paid in accordance with the provisions in Sec. 4 and 5. HUGO BOSS shall use this fee for the costs of production and placement in print and electronic media of advertising for Licensed Products only. HUGO BOSS and Licensee shall, every six (6) months, agree in which countries such media budget shall be spent; provided, however, that for the U.S.A. only, such media budget shall be withheld and spent by Licensee as it shall reasonably determine after approval of HUGO BOSS. While in principle, HUGO BOSS shall endeavour to spend the entire Advertising Fee paid by Licensee in respect of each year, and Licensee shall endeavour to spend the portion thereof withheld for the U.S.A., prior to the end of such year, the parties recognize that this will not always be practical or possible and therefore they agree that any deficiency will be spent in the immediately following year.

 

*

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10.5

Licensee shall be responsible for conception and design of point-of-sale activities with regard to the Licensed Products, i.e. catalogues for retailers and/or sales representatives, special events, co-operative advertising with the retailer and product displays. However, all advertising materials and promotional activities require the prior written approval of HUGO BOSS.

 

10.6

Moreover, Licensee shall carry out all point-of-sale activities such as production and distribution of stand-ups, window cards, catalogues and other promotional material, production and distribution of product displays, special events, co-operative advertising with retailers.

Licensee shall also be responsible for trade fairs, product placements, media bookings and spending of advertising targeted to retailers.

 

10.7

Licensee shall be responsible for public relations activities with regard to the Licensed Products, i.e. texts, shootings, placement in end-consumer press and trade press throughout the License Territory. However, all public relations activities require the prior written approval of HUGO BOSS. In furtherance of the foregoing public relations activities, Licensee shall furnish to HUGO BOSS at its request each calendar year up to fifty (50) units of Licensed Products for HUGO BOSS to use solely in connection with public relations activities promoting the Licensed Products, including, without limitation, gifts to celebrities, press events and other related purposes.

 

10.8

All those activities mentioned in Sec. 10.5, Sec. 10.6 and Sec. 10.7 shall be elaborated in close co-operation with HUGO BOSS or persons/companies appointed by HUGO BOSS (for example PR Agencies in charge for HUGO BOSS) and are subject to the prior approval of HUGO BOSS. Licensee shall bear responsibility for all costs for the activities referred to in Sec. 10.5, Sec. 10.6 and Sec. 10.7. For those activities Licensee shall spend or cause its distributors to spend at least * of the “Net Sales” throughout the term of this agreement (“Marketing Contribution”). The Marketing Contribution may be revised from time to time by mutual consent.

Notwithstanding the foregoing, in the event that the entity owning either the * brand acquires fifty percent (50%) or more of the voting rights of Licensee or of any entity controlling Licensee, then the Marketing contribution each year shall be * of target Net Sales for such year as set forth in the Business Plan.

 

10.9

Costs incurred by Licensee in connection with customer accommodation or after-sales service, customer gifts or invitations, dealers’ meetings and training of marketing and sales personnel are not included in the activities stated in clauses 10.6 and 10.7 and shall be borne solely by Licensee.

 

*

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14

 

10.10

Any and all public statements, publications and information given to third parties concerning this Agreement or the relationship between Licensee and HUGO BOSS generally must be previously agreed upon by the parties, except where such statements are required by law or government act. However, the parties shall inform each other of such statements required by law or government act. Normal company information of Licensee and HUGO BOSS that does not contain any statements regarding the contents of this Agreement or its relationship with HUGO BOSS is exempted from this provision.

 

10.11

Licensee is not permitted to use the Trademarks as a part of its firm name or as part of the firm name of a company affiliated or otherwise associated with it. The use of the Trademarks by Licensee on letterhead, forms, business cards, etc. requires the prior written approval of HUGO BOSS.

 

10.12

The parties will consult at least semi-annually to review the level of actual expenditures for (i) the production and placement of advertising for the Licensed Products in print and electronic media and (ii) the activities set forth in Sections 10.5, 10.6 and 10.7, relative to sales growth, including consideration of whether certain increases in such expenditures are appropriate. If the parties disagree as to whether certain increases are appropriate, a top management meeting of the parties can be called by either party and the parties will use their best efforts to resolve such disagreement.

 

11.

Business Plan

 

11.1

The parties have agreed upon a Business Plan for the period 2012 through 2018, as set forth in Appendix 4 (the “Business Plan”).

No later than February 28 of each calendar year during the term of this Agreement, Licensee shall prepare and present to HUGO BOSS for feedback and input an annual operating plan (“Action Plan”). This Action Plan shall set forth in detail, Licensee’s plans for conducting the Licensed Products business for at least the next three years, with particular emphasis on the marketing, promotion and sales of the Licensed Products. and shall include, without limitation,

 

  a)

sales targets (volume and value) specified by region, brand and gender;

 

  b)

(for the following two years only) a product development plan (including timing) of the types and numbers of designs intended to be developed or manufactured (including any new products) and the corresponding Roll-Out Plan;

 

  c)

distribution structure including distribution outlets and breakdown by geographical area;

 

  d)

assessment of customer base and customers including client list per country;

 

  e)

price marketing strategies, including wholesale and suggested retail pricing by model type and market;

 

  f)

advertising plans per market;


 

15

 

  g)

media plan and budget, including breakdown per market;

 

  h)

development in packaging, display and all other point of sale material;

 

  i)

result of market research relating to Licensed Products and similar products in the market.

HUGO BOSS and Licensee shall agree on the Action Plan in a joint annual meeting. If the Parties cannot agree on the three-year Action Plan, a top management meeting of the parties can be called by either party and both parties will use their best efforts to solve the issue.

 

11.2

On request by HUGO BOSS, Licensee shall inform HUGO BOSS in writing of actions taken and confirm compliance with the individual steps of the three-year Action Plan and the implementation of the planned activities.

 

11.3

Each January 30 (Period April 1 – June 30) April 30 (Period July 1 – September 30), July 30 ( Period October 1 – December 31) and October 30 (Period January 1 – March 31), Licensee will submit to HUGO BOSS, a schedule showing in detail the projected sales and marketing plans of the Licensed Products for the next following three (3) calendar months indicating in detail the sales per brand, gender and region for the corresponding period

 

12.

Information, Co-ordination and Co-operation / Audit

 

12.1

Licensee shall inform HUGO BOSS in a timely manner, if it terminates the collaboration with a distributor.

 

12.2

HUGO BOSS and the Licensee shall each designate a person at their respective companies to be in charge of the development, design and marketing of the Licensed Products.

 

12.3

In co-ordination with Licensee, HUGO BOSS has defined all reporting data relevant to HUGO BOSS’ quality control of the manufacture, distribution and sale of Licensed Products (Appendix 5) and shall specify the frequency with which such data is to be made available. This data must be electronically processed and made available to HUGO BOSS via data transmission in a complete and timely manner. The Parties shall jointly decide on changes to the reporting data format.

 

12.4

HUGO BOSS may specify and furnish the data processing interfaces necessary for a smooth exchange of data in accordance with Licensee; provided that, in any event, it shall be sufficient if Licensee furnishes the required reporting data to HUGO BOSS via email.

 

12.5

The parties will endeavour to keep each other fully informed on a timely basis of all issues that reasonably could be expected to have a material impact on the production, marketing, advertising, promotion, sale or distribution of the Licensed Products and Licensee shall furnish HUGO BOSS with such reports in respect thereof as HUGO BOSS may reasonably request from time to time.


 

16

 

12.6

Licensee shall furnish HUGO BOSS with the following management information:

 

   

budget and planning for the upcoming calendar year according to products and countries (to be issued in late summer);

 

   

quarterly reports on problems concerning product quality and customer complaints.

The parties shall, on a routine basis but no less often than four times per year, fully inform each other on all other matters, problems and actions which affect the production and sale of the Licensed Products.

 

12.7

During the term of the Agreement and for three years after its termination, Licensee shall keep complete and accurate records of sales subject to License Fees, Marketing Fees and transportation costs, maintain and preserve the underlying documents and permit representative or authorised third parties, e.g. auditing companies, of HUGO BOSS to examine such records, copy them and audit the respective accounting entries in the Licensee’s group books and Licensee’s Affiliates’ books during business hours on at least fifteen working days notice.

 

12.8

The audit can be conducted in the respect to the three contractual years preceding the date of the audit.

Notwithstanding the immediate due date and accrual interest on overdue License Fees and Marketing Fees, Licensee shall bear the costs of the audit, but only in case if the License Fee and/or Marketing Fees paid by the Licensee with respect to any audited period are three percent or more lower than those determined by the audit. Or if auditor is not able to fulfill the audit due to missing information which should have been provided by licensee.

 

12.9

During the course of the audit, Licensee shall provide HUGO BOSS or its representative with the audit reports concerning the annual reports of the Licensee group and all its affiliates. If for any affiliate no audit report exists, the Licensee’s group auditor shall hand over a financial statement with a review statement (no full scope audit) and confirmation. Furthermore licensee shall provide a consolidated Net Sales report divided by SKU for each contractual year. These reports shall be only available for the representative or authorised third party of HUGO BOSS and for reconciliation purposes only. Licensee’s local audit team has to fill in and to confirm the AUP (Agreed upon procedure) master file as defined in Appendix 6 for each audited Affiliate and for each contractual year.


 

17

 

12.10

During the course of the audit and for the purpose of the audit of the declaration of the License Fee, Marketing Fee and transportation costs, the representative or authorised third parties of HUGO BOSS will have:

 

   

access to all relevant information regarding pricing and the price structure within Licensee’s group, i.e. access to all relevant inter- company agreements and relevant third party agreements and

 

   

access to the IT Systems of Licensee as it is necessary to check the sales process and other influence on the calculation of the Licensee Fees, Marketing Fees and transportation costs.

 

12.11

After each audit conducted by HUGO BOSS, Licensee and HUGO BOSS will meet in order to review and discuss the findings and conclusions of the audit. The parties shall agree on the necessary improvements, changes as well as audited statements to provide with, that should reasonably be made by Licensee in its accounting, reporting and auditing process for Licensed Products. If Licensee fails to make available sufficient information necessary to complete the audit as confirmed by the representative or authorised third party of HUGO BOSS, which relates to more that 10 % of the total Net Sales for any audited period, then a change in information rights for the audit may be requested by HUGO BOSS, e.g. additional information rights, access rights.

 

12.12

Licensee confirms by signing the agreement, that Licensee and its affiliates conduct only one kind of sales business, i.e. no mix between wholesale and retail business within one company. Changes to this structure will be notified to HUGO BOSS without undue delay. In case of an impact on the calculation of the License Fees and Advertising Fees due to the change, an agreement must be reached on the calculation..

 

12.13

Any shortfall on License and Marketing Fees identified and duly justified during the audit will be paid by Licensee not later than thirty days after the final audit report submitted by the representative or authorised third party of HUGO BOSS; provided, however, that any payment by Licensee hereunder shall not preclude Licensee from contesting the results of any audit conducted under this Article 12.


 

18

 

13.

Trademarks, Internet Domains and other Intellectual Property Rights

 

13.1

During the term of this Agreement, Licensee shall be entitled to use the Trademarks only as provided herein in connection with the Licensed Products, subject to the terms hereof, and for no other purpose. Upon termination of this Agreement for any reason, Licensee shall immediately discontinue all use of the Trademarks, except as otherwise provided herein or as otherwise agreed in writing by HUGO BOSS, and thereafter will not, either directly or indirectly, use any other name, title, expression, design or packaging so nearly resembling the Trademarks as would be likely to lead to any confusion or uncertainty or to deceive the public.

 

13.2

Licensee agrees that, to the extent such guidelines are not inconsistent with any of the provisions of this Agreement, it will fully comply with any and all guidelines notified to Licensee by HUGO BOSS regarding the utilisation of the Trademarks on or in connection with the distribution and sale of Licensed Products, including, without limitation, any corporate Identity Policies of HUGO BOSS on the use of the Trademarks.

 

13.3

The Trademarks and the HUGO BOSS Designs, whether or not registered by HUGO BOSS, are the sole property of HUGO BOSS. HUGO BOSS warrants that is has the full and exclusive right, power and authority to grant this exclusive license for the Trademarks and the HUGO BOSS Designs to Licensee and that neither this Agreement nor the grant of such license conflicts with or will result in a breach of the terms, conditions, provisions, representations, warranties or covenants contained in any other agreement to which Hugo Boss, or any of the HUGO BOSS Group Companies, is a party. Licensee recognises the exclusive rights of HUGO BOSS with respect to the Trademarks and acknowledges that all rights of use of the Trademarks on or in connection with the Licensed Products by Licensee inure solely to the benefit of HUGO BOSS. The parties agree that any and all rights to the Trademarks that may arise from their use by the Licensee shall vest solely in HUGO BOSS. Licensee agrees that it shall take no action that might impair in any way HUGO BOSS’ rights with respect to the Trademarks, including, without limitation, registering the Trademarks in its own name, or might damage HUGO BOSS’ license relationships with third parties with respect to manufacture, distribution or otherwise.

Licensee is aware that all Internet Domains relating to the trademarks are the sole property of HUGO BOSS AG, Dieselstrasse 12, D-72555 Metzingen, Germany, and recognises the exclusive rights of HUGO BOSS AG of such Internet Domains. The parties agree that the provisions of this subsection 13.3. also apply, mutatis mutandis, to said Internet Domains. Licensee is further aware that HUGO BOSS is entitled to use such Internet Domains.

 

13.3.1

HUGO BOSS shall have the sole responsibility between the parties to maintain the Trademarks and the HUGO BOSS Designs, in particular, to pay all pertaining prolongation fees, initiate and conduct opposition proceedings against


 

19

 

 

similar trademark or design applications, in any applicable country of the License Territory. HUGO BOSS shall do so on its own costs. Licensee agrees to provide any and all information to HUGO BOSS which may reasonably be required in such actions, e.g. invoices to prove use of any given Trademark. Licensee shall give immediate notice to HUGO BOSS of any application or registration of a sign, trade name, trademark, or product packaging or product design which comes to Licensee’s attention and which appears to violate any of HUGO BOSS’ rights with respect to the Trademarks or any packaging or product design.

 

13.3.2

Subject to this Sec. 13.3.2, HUGO BOSS shall further have the sole right as between the parties to defend the rights to the Trademarks and any other rights of HUGO BOSS in any applicable country of the License Territory against third party infringements of the Trademarks, e.g. counterfeits, use of the Trademarks, HUGO BOSS product or packaging design without authorization of HUGO BOSS, or of brand names or product or packaging design by third parties confusingly similar to the Licensed Products. Licensee agrees to provide any and all information to HUGO BOSS which may reasonably be required in such actions which HUGO BOSS in its sole discretion may initiate. In particular, but without limitation, Licensee shall provide prompt notice to HUGO BOSS of products which come to Licensee’s attention and which infringe upon HUGO BOSS’ rights, providing the names and addresses of the manufacturer, the supplier or seller, as the case may be, together with bills, receipts and other records, if any. Notwithstanding the foregoing, with respect only to products which are counterfeits of the Licensed Products, the parties will consult to determine appropriate action. If, following such consultation, the parties agree to bring any claim, complaint, proceeding or other action, then HUGO BOSS shall bring the claim, complaint, proceeding or other action in its name and the parties shall equally share all costs and all monetary recoveries, if any, including without limitation, judgments, settlements and any other awards, in connection therewith and the parties will reasonably co-operate in good faith with respect to each such action brought. If, following such consultation, only one party desires to pursue action, then such party shall have the right to pursue such action in its own name at its sole cost and shall be exclusively entitled to any and all damages and other amounts recovered or awarded in connection with any such action and the other party shall reasonably cooperate with the party pursuing such action at the latter’s expense; provided however that notwithstanding the foregoing, in no event shall Licensee have the right to pursue any such action without the prior written consent of HUGO BOSS which HUGO BOSS shall not unreasonably withhold. Licensee shall give prompt notice to HUGO BOSS of any use of a sign, trade name, trademark, or product packaging or product design which comes to Licensee’s attention and which appears to be an infringement upon or to violate any of HUGO BOSS’ rights with respect to the Trademarks or any packaging or product design. Nothing set forth herein shall be construed as requiring HUGO BOSS to prosecute any infringements if in its own discretion it decides not to do so.


 

20

 

13.3.3

HUGO BOSS shall continue to take all reasonable and necessary actions to obtain trademark registrations in those countries of the License Territory, where such registrations for the Trademarks have been applied for but are not yet issued, as identified in Appendices 1 and 2 to this Agreement. In addition, in the event that HUGO BOSS determines that it is necessary to do so, HUGO BOSS shall take all reasonable and necessary actions to obtain additional registrations for the Trademarks in those countries identified in Appendix 1 where such registrations have not yet been applied for. However, HUGO BOSS is not liable for ensuring the successful registration of the Trademarks in these countries. HUGO BOSS shall keep Licensee informed as to the legal status of the Trademarks. HUGO BOSS shall not be liable for ensuring that the Trademarks are utilised in a manner which maintains their protection.

Upon request by Licensee, HUGO BOSS shall take all reasonable and necessary actions to obtain trademark registrations of the Trademarks in other countries of the License Territory not named in Appendix 1 to this Agreement, provided that HUGO BOSS, accepts no liability for failure to successfully register such Trademarks in such countries.

In the event that trademark registrations for the Trademarks cannot be obtained in a country where, according to this section 13.3.3, HUGO BOSS is to seek such registrations, and such country is specifically mentioned in the Business Plan and the failure to obtain any such registrations has a material adverse affect on Licensee’s ability to sell Licensed Products in such country, the Business Plan shall be adjusted proportionately to reflect the elimination of such country.

 

13.3.4

Licensee shall use its best efforts to assist and otherwise co-operate with HUGO BOSS in applying for and maintaining the registration and protection of the Trademarks, such efforts to include without limitation, executing any registered user or other agreement or document as may be appropriate, through the making of necessary declarations, delivery of necessary documents and by providing useful or appropriate information. HUGO BOSS shall reimburse Licensee for its out-of-pocket costs incurred therefore.

Licensee shall supply to HUGO BOSS upon its reasonable request copies of invoices and other records of sales for each country where necessary or useful to establish proof of Trademark use in such countries on the Licensed Products. For this purpose, Licensee shall also regularly inform HUGO BOSS of the countries in which deliveries of the Licensed Products are expected in the then current year.

 

13.3.5

Licensee agrees that it will be listed as “Registered User” of the Trademarks for the Licensed Products to the extent possible and/or required under relevant local law. HUGO BOSS will reimburse Licensee for its costs incurred therefore.

 

13.3.6

Licensee agrees: (a) to use the Trademarks exclusively in the design format indicated by HUGO BOSS, and, to the extent not contrary to any of the


 

21

 

 

provisions hereof, in conformity with the “Corporate Identity Policy” of HUGO BOSS, (b) to designate them with the markings prescribed by HUGO BOSS (such as “(R)” or “Marca registrada,” “HUGO BOSS is the registered trademark of HUGO BOSS AG” or the like); provided that no such designation shall be required on the Licensed Products themselves, and (c) to the extent not contrary to any of the provisions hereof, to observe any and all other restrictions and conditions reasonably notified by HUGO BOSS to Licensee, including those which may arise from agreements between HUGO BOSS and any third party.

Licensee shall not itself use the Trademarks in connection with sub-brands or accompanying brands of Licensee or otherwise in any way not explicitly permitted by this Agreement or HUGO BOSS. In particular, and without limiting the foregoing, designations such as “BOSS HUGO BOSS by........” are prohibited. All references to the manufacturer and/or Licensee require the prior written approval of HUGO BOSS. Notwithstanding the foregoing, Licensee shall not be prohibited from using model names for individual collections of Licensed Products or from applying for trademark registrations for such model names, provided that Licensee shall be solely responsible for all costs associated therewith.

 

13.4

The parties acknowledge and agree that, as provided in section 6.5, HUGO BOSS is the owner of all rights to the HUGO BOSS Designs and of the designs of the promotional material. HUGO BOSS grants the Licensee for the duration of this Agreement the right of use of these designs for the purpose of this Agreement in the License Territory. Furthermore, except as otherwise provided in Article 18, the Licensee undertakes to no longer use the above-mentioned designs and promotional material after termination of this Agreement.

Notwithstanding and without limiting the foregoing, Licensee shall provide to HUGO BOSS any and all instruments or documents necessary or useful to confirm HUGO BOSS’ ownership of such copyright and design rights, including, without limitation, any assignments of rights that HUGO BOSS may reasonably request.

 

13.4.1

HUGO BOSS shall own all inventions made by Licensee or its employees, whether or not patentable, which are based in whole or in part on Confidential Information from HUGO BOSS as hereinafter defined in Sec. 14. Licensee shall promptly notify HUGO BOSS of the making of each such invention and shall co-operate in securing to HUGO BOSS the benefits of each such invention throughout the world by executing assignments, patent applications and similar documents necessary for HUGO BOSS to perfect rights in the invention; provided that HUGO BOSS reimburses Licensee all amounts incurred by Licensee in assigning such rights to HUGO BOSS, including, without limitation, any and all amounts Licensee may be required to pay by law to the inventing employee .

 

13.5

Any and all intellectual property rights in display and sales promotional materials related to the Licensed Products shall be the property of HUGO BOSS. Licensee shall co-operate in securing to HUGO BOSS the benefits of any such rights throughout the world by executing assignments and similar documents necessary for HUGO BOSS to perfect its rights in such matters.


 

22

 

13.6

The provisions contained in this Section 13 shall not affect Sec. 18.

 

14.

Confidentiality

The Parties agree to use all Confidential Information (as hereinafter defined) of the other party provided to it or obtained by it pursuant to this Agreement only in its capacity as contracting party to this Agreement and as contemplated in this Agreement. “Confidential Information” shall mean any and all technical data, knowledge or information, trade secrets or advice relating to the design development, manufacture, assembly, use, sale, and customer servicing of the Licensed Products and any and all information concerning the business of the other party. Either party acknowledges the other party’s sole rights in the Confidential Information. Either party shall ensure that, without the prior written approval of the other party, no Confidential Information shall be used for any purpose other than as set forth herein or copied or disclosed to any third party during the term of this Agreement or after its termination.

This confidentiality provision does not apply to information

 

  (i)

which was or comes into the public domain through no fault of the receiving party, or

 

  (ii)

which was obtained from a third party legally entitled to use and disclose such information, or

 

  (iii)

the disclosure of which is required by law, or

 

  (iv)

which was already in possession of the receiving Party before closing this Agreement and not otherwise subject to any confidentiality obligation as between the parties.

Upon termination of this Agreement, either party shall either return to the other party, or at the request of the other party, destroy all Confidential Information in its possession.

 

15.

Other Products

 

15.1

Licensee will not manufacture or distribute watches under the brand names * provided that, nothing contained herein shall prohibit Licensee from acquiring any third party distributing any of those watch brands so long as such distribution ceases within twelve (12) months after the date of such acquisition.

 

16.

Liability Issues

 

16.1

Licensee shall be responsible for any and all defects in the Licensed Products and in no event shall HUGO BOSS be liable for any direct, indirect, special,

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT


 

23

 

 

incidental or consequential damages or any lost revenues or profits or any other damages arising with respect to the Licensed Products, whether based in contract, tort, breach of express or implied warranty, including without limitation, negligence or product liability.

 

16.2

If either party becomes aware of any law, or other rule, regulation or order having the force of law issued by any duly constituted authority having appropriate jurisdiction, in any country included within the Business Plan that would have the effect of making it impractical to sell or to continue selling Licensed Products in or into such country, the parties shall consult in good faith and attempt to agree on an appropriate adjustment to the Business Plan, including, without limitation, a proportionate reduction in target Net Sales.

 

16.3

HUGO BOSS will indemnify, defend and hold harmless Licensee, each Licensee Affiliate, and their respective officers, directors, agents, employees, shareholders, legal representatives, successors, affiliates and assigns, from and against any and all claims, actions, suits, liabilities, damages and expenses (including reasonable attorneys’ fees, costs and expenses) which Licensee or any Licensee Affiliate may incur or be obligated to pay in any action or claim for infringement of any other person’s claimed right to use a trademark or other intellectual property right (except claimed rights relating to the designs of the Licensed Products or to any intellectual property used by Licensee and not granted by HUGO BOSS hereunder) in the Territory, including such infringements as may be contained in any advertising placed by HUGO BOSS, where such action or claim results from Licensee’s proper use of the Trademarks or other rights (except rights related to the HUGO BOSS Designs) granted hereunder in the Territory, in accordance with the terms of this Agreement. Licensee will give HUGO BOSS timely written notice of any such claim or action, and thereupon HUGO BOSS will undertake and conduct the defense of any suit so brought. HUGO BOSS further agrees that the provisions contained in this Section shall survive the termination or expiration of this Agreement.

 

16.4

Licensee agrees to indemnify, defend and save harmless HUGO BOSS and its officers, directors, agents, employees, shareholders, legal representatives, successors, affiliates and assigns, and each of them, from any and all claims, actions and suits and from and against any and all liabilities, judgements, losses, damages, costs, charges, reasonable attorneys’ fees and other expenses of every nature and character incurred in any action between HUGO BOSS and any third party, relating to Licensee’s business and/or with respect to the Licensed Products (including, without limitation, any breach by Licensee of this Agreement). Licensee further agrees that the provisions contained in this Section shall survive the termination or expiration of this Agreement

Licensee will maintain at all times during the term of the Agreement and for 5 (five) years thereafter and provide evidence thereof to HUGO BOSS from time to time upon its request, product liability insurance of a kind and in an amount reasonably satisfactory to HUGO BOSS naming HUGO BOSS as beneficiary as its interests shall appear.


 

24

 

17.

Contract Term and Termination

 

17.1

This Agreement enters into force effective as of January 1, 2012, and, unless sooner terminated as herein provided, expires on December 31, 2018. Not later than 18 months before the final expiration of the Agreement the contracting parties shall enter into negotiations for the purpose of agreeing on an extension of this Agreement. Such extension (if any) shall be effective only upon the signature and delivery by each of the parties of a definitive written instrument extending the term of this Agreement.

 

17.2

Either contracting party may terminate the Agreement if for two successive calendar years (beginning after calendar year 2012) only the minimum license fees are paid. In this case the notice period for termination is two months before the end of the half calendar year following the relevant time periods. For the avoidance of doubt, all payment obligations of Licensee under this Agreement shall continue during such half year period.

 

17.3

Further, the Agreement may be terminated by either party upon a notice period of three months prior to June 30 and December 31 of a particular year where there are material changes in the ownership composition of the ultimate parent entity of the other party, i.e. a change of fifty (50) % or more of the voting ownership rights. The right of termination must be exercised within three months after receiving the information about the material change in ownership composition.

Notwithstanding the foregoing, HUGO BOSS shall not have any such right of termination where the new owner of Licensee is either

 

  (i)

a financial investor, or

 

  (ii)

a strategic investor experienced in the design, manufacture, marketing and sale of high end watches or fashion products, However, in the event that the entity owning either * brand acquires fifty percent (50%) or more of Licensee or of any entity controlling Licensee, the following shall apply: If the agreed Business Plan will not be met for the calendar year in which such change of ownership of Licensee has taken place, HUGO BOSS can terminate the Agreement with six (6) months notice.

Licensee shall not have any such right of termination where the new owner of HUGO BOSS is either

 

  (i)

a financial investor, or

 

  (ii)

a strategic investor experienced in the design, manufacture, marketing and sale of high end fashion products.

After a warning letter with a period of maximum 6 (six) months for fulfilling its

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT


 

25

 

obligations of the Business Plan and any further Action Plans as referred to in Sec. 11, HUGO BOSS may also terminate the Agreement upon a notice period of three months prior to June 30 and December 31 of a particular year, if Licensee fails to fulfil its above-mentioned obligations.

 

17.4

The right to terminate for cause remains unaffected. Such cause also exists,

 

  (a)

if the other contracting party becomes insolvent,

 

  (b)

if settlement or bankruptcy proceedings are commenced with respect to the estate of the other party,

 

  (c)

if - insofar as not otherwise indicated in this Agreement - the other party fails to fulfill within 30 (thirty) days a contractual obligation or one undertaken in order to fulfil this Agreement despite prior written notice, or fails to desist from conduct that is in violation of the Agreement within this period,

 

  (d)

if the other party is in breach of a material obligation hereunder and fails to remedy such breach (if it reasonably can be remedied) within ten (10) days after receipt of notice thereof from the party not in breach, or,

 

  (e)

without prior written notice, if the other party has repeatedly breached the same obligation hereunder within any twelve (12) month period.

 

  (f)

if by reason of the other party’s behaviour, continued compliance with contractual obligations would be considered intolerable by a reasonable party .

 

17.5

HUGO BOSS may also terminate the Agreement with a notice period of ten (10) days for cause if Licensee falls more than three months into arrears in paying the license fees. If Licensee considerably damages the reputation of the Trademarks by a negligent act or omission, HUGO BOSS may likewise terminate the Agreement without notice.

 

17.6

Terminations and notices under this provision must be communicated by registered mail or personal delivery.

 

18.

Consequences of Termination of the Agreement

 

18.1

The termination of this Agreement according to one of the above provisions does not release either of the contracting parties from any of its obligations under this Agreement, arising or coming due, as the case may be, after the termination of this Agreement. Upon the justified termination for cause as defined in Sec. 17.4 by HUGO BOSS, all outstanding license and marketing fees will become immediately due and payable.

Further rights of indemnity etc. will not be affected by extraordinary notice of termination, regardless of whether such rights are founded upon the Agreement or in law. The regular or extraordinary notice of termination and termination as such does not in itself give rise to any sort of damages or compensation claims.


 

26

 

18.2

On the date of termination or expiration of this Agreement, all rights of the Licensee to use the designations “BOSS” and/or “BOSS HUGO BOSS” and/or any other trademark belonging to HUGO BOSS shall end. The Licensee shall also cease making any reference to HUGO BOSS and/or its Trademarks and any reference to previous activity/co-operation for/with HUGO BOSS as Licensee of HUGO BOSS, and will also be responsible therefore on behalf of its Subcontractors. Further, the Licensee shall, no later than as of the date of termination of the Agreement, extinguish all “Registered User” registrations at its own cost or - upon the request and at the cost of HUGO BOSS - transfer them, to the extent legally possible, to third persons designated by HUGO BOSS.

 

18.3

Notwithstanding anything to the contrary contained in this Agreement, HUGO BOSS has the right to purchase from Licensee, completely or in part, Licensed Products on hand with the Licensee in finished form or still in production, insofar as they have been manufactured according to designs approved by HUGO BOSS pursuant to Section 6.3, at the Licensee’s book value evaluated by a third party to be nominated by both parties; if the parties cannot agree on the appropriate person within 30 days, such person shall be appointed by the President of the Chamber of Commerce Zürich. To exercise such right, HUGO BOSS shall give Licensee written notice of the Licensed Products HUGO BOSS intends to purchase no later than thirty (30) days prior to the effective termination date.

Licensee shall be permitted to distribute all its remaining Licensed Products not purchased by HUGO BOSS for up to nine months after the termination of the Agreement upon the previously customary conditions and through the previously utilised or similar channels of distribution; provided however that the quantity of Licensed Products Licensee shall be permitted to sell during such nine month period may not exceed one hundred percent (100%) of the units sold by Licensee in the immediately preceding year, and provided further that any quantity in excess thereof either will be destroyed (in which event Licensee shall furnish to HUGO BOSS appropriate evidence of such destruction as HUGO BOSS may request) or may be sold by Licensee for an additional period not exceeding six (6) months through its outlet stores. After the aforementioned six(6) month period, Licensee shall destroy all remaining inventory and shall furnish HUGO BOSS appropriate evidence of such destruction. Licensee shall account for these sales and pay the computed license fees to HUGO BOSS no later than within eight months after the termination of the Agreement. Costs for destruction will be borne by Licensee.

 

18.4

In addition to its rights under Section 18.3, in case Licensee has still remaining inventory after the twelve month distribution period HUGO BOSS shall also have the right of election:

to purchase the remaining inventory, completely or in part on terms to be mutually agreed upon,


 

27

 

or to request the transfer of the remaining inventory to a third party designated by HUGO BOSS on terms to be mutually agreed upon. These sales will not be subject to the payment of license fees.

 

18.5

In order to enable HUGO BOSS to exercise its right of election of Sec. 18.3 and 18.4, the Licensee shall promptly inform HUGO BOSS as to the existing inventory of Licensed Products, broken down by article number including colour variants. Upon receipt of the information about the inventory, HUGO BOSS shall decide within four weeks the manner in which its right of election will be exercised.

 

19.

Miscellaneous

 

19.1

Licensee may not assign, delegate to third parties or sublicense rights or duties under this Agreement or assign the Agreement as a whole, without the express prior written consent of HUGO BOSS. This does not apply to an assignment, delegation, or sublicense to any Licensee Affiliate (provided that notwithstanding any such assignment, delegation or sublicense, MGI Luxury Group S.A. shall remain liable for performance of Licensee’s obligations hereunder) or to any change in control otherwise permitted under section 17.3. Licensee shall notify HUGO BOSS any such assignment. HUGO BOSS shall not assign any rights or delegate any duties to any party other than an affiliate.

 

19.2

This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, oral or written, between the parties hereto with respect to the subject matter hereof.

This Agreement may be modified, amended or supplemented (including this clause) only by the mutual written agreement of the parties hereto.

 

19.3

This Agreement is made and shall be construed in all respects in accordance with the laws of the Switzerland, without regard to its conflicts of law principles. The parties irrevocably agree that all disputes related to this Agreement shall be brought exclusively before the courts of Zurich provided, that HUGO BOSS may, but is not obliged to, seek relief in any court located in the place of Licensee’s principal place of business.

 

19.4

In the event any of the provisions of this Agreement are held to be unenforceable or invalid by any court of competent jurisdiction, unless the unenforceability or invalidity thereof causes a substantial departure from the underlying intent and sense of the remainder of this Agreement, the validity and enforceability of the remaining provisions shall not be affected thereby, except those remaining provisions of which the unenforceable or invalidated provisions comprise an integral part of or from which they are otherwise clearly inseparable. In the event any provision is held unenforceable or invalid, the parties shall use their best efforts to agree upon an enforceable and valid provision which shall be a reasonable substitute for such unenforceable or invalid provision in light of the purpose of this Agreement, and, upon so agreeing, shall incorporate such


 

28

 

substitute provision in the Agreement. The same applies if omissions in the Agreement become apparent. The relevant provision, which is unenforceable or missing, is then to be replaced by a valid provision corresponding to the meaning and purpose of this Agreement.

 

19.5

The instant Agreement is executed in duplicate. Appendices 1 - 6 to this Agreement constitute a part of this Agreement.

Appendix 1: Trademarks (Exclusive License)(Sec. 1.1)

Appendix 2: Trade name (non-exclusive license) (Sec. 1.1)

Appendix 3: Quality directives and Social Standards (Sec. 7)

Appendix 4: Business Plan (Sec. 11)

Appendix 5: Reporting format (Sec. 12)

Appendix 6: Audit template (AUP) (Sec. 12)

 

19.6

No delay or omission by either of the parties hereto in exercising any right or remedy provided for herein shall constitute a waiver of such right or remedy, nor shall it be construed as a bar to or a waiver of any such right or remedy on any future occasion. No waiver by either party of any provision of this Agreement, or of any breach of default shall be effective unless in writing and signed by the party against whom such waiver is to be enforced.

 

19.7

Nothing contained herein shall be deemed to place the parties in the relationship of employer-employee, partners, joint venturers, or either as agent of the other. Licensee shall not represent itself as the employee, partner, agent or legal representative of HUGO BOSS for any purpose whatsoever and shall have no right to create or to assume any obligation of any kind, express or implied, for or on behalf of HUGO BOSS; provided, however, that Licensee may describe itself as the exclusive licensee of the Licensed Products in the License Territory.

 

19.8

Notwithstanding the provisions in Sec. 19.3 above, HUGO BOSS may enforce its rights under Sec. 13 and 14 and Licensee may enforce its rights under Sec. 14, in any court having competent jurisdiction.

 

19.9

The English language version of this Agreement shall be the definitive version and any issues that may arise in connection with this Agreement or its interpretation shall be resolved by reference only to that version.

 

19.10

Any notice to be given pursuant to this Agreement shall be written in English and shall be deemed duly given when sent by reputable overnight international courier including FedEx, UPS or DHL to the respective address first set forth above or by facsimile to the respective facsimile number set forth below confirmed by letter as aforesaid, or to such other address and/or facsimile number as a party hereto may designate by like notice.

To Licensee:            Fax: ( 41 ) 32 329 34 01

Attn: General Manager – HUGO BOSS Watches


 

29

 

Copies to:            Fax: (201) 267 8050

Attn: Brand Manager – HUGO BOSS Watches

Attn: Legal Department

To HUGO BOSS: Fax: (49) 7123 94 2018

Attn: General Counsel - Legal Department

Copy to:            Fax: (41) 41 7677 599

Attn: Director Licensing Department

The obligations of either party hereunder, except for the obligations of Licensee to pay license fees, Advertising Fees and other amounts to be paid to HUGO BOSS hereunder, shall be excused for a period equal to the time by which such performance is prevented or delayed as a result of strikes, labor, disputes, acts of God, or any other causes beyond the reasonable control of the party obligated to perform.

 

Date, 2.3.2012    Place        Zug

     

Date, 24 Feb 2012    Place

     

Bienne, Switzerland

/s/ Volker Heere    /s/ Jan Loewe

     

/s/ Richard Coté

HUGO BOSS TRADE MARK

     

MGI Luxury Group S.A.

MANAGEMENT GMBH & CO. KG

     
     

/s/ B. Schlegel


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Hong Kong

  

BO BOSS ORANGE

   301414656    14    applied for

Bosnia-Herzegovina

  

BO BOSS ORANGE

   1023719    14    applied for

Korea South

  

BO BOSS ORANGE

   1023719    14    applied for

Antilles

  

BO BOSS ORANGE

   1023719    14    applied for

Liberia

  

BO BOSS ORANGE

   1023719    14    applied for

Oman

  

BO BOSS ORANGE

   1023719    14    applied for

Vietnam

  

BO BOSS ORANGE

   1023719    14    applied for

Serbia

  

BO BOSS ORANGE

   1023719    14    applied for

Georgia

  

BO BOSS ORANGE

   1023719    14    applied for

Kazakhstan

  

BO BOSS ORANGE

   1023719    14    applied for

Iran

  

BO BOSS ORANGE

   1023719    14    applied for

Kenya

  

BO BOSS ORANGE

   1023719    14    applied for

Algeria

  

BO BOSS ORANGE

   1023719    14    applied for

Iceland

  

BO BOSS ORANGE

   1023719    14    applied for

Croatia

  

BO BOSS ORANGE

   1023719    14    applied for

Montenegro

  

BO BOSS ORANGE

   1023719    14    applied for

Liechtenstein

  

BO BOSS ORANGE

   1023719    14    applied for

Syria

  

BO BOSS ORANGE

   1023719    14    applied for

Moldavia

  

BO BOSS ORANGE

   1023719    14    applied for

Bahrain

  

BO BOSS ORANGE

   1023719    14    applied for

Macedonia

  

BO BOSS ORANGE

   1023719    14    applied for

Egypt

  

BO BOSS ORANGE

   1023719    14    applied for

Mozambique

  

BO BOSS ORANGE

   1023719    14    applied for

Morocco

  

BO BOSS ORANGE

   1023719    14    applied for

Ukraine

  

BO BOSS ORANGE

   1023719    14    applied for

Uzbekistan

  

BO BOSS ORANGE

   1023719    14    applied for

Qatar

  

BO BOSS ORANGE

   63659    14    applied for

South Africa

  

BO BOSS ORANGE

   2010/18101    14    applied for

Dominican Republic

  

BO BOSS ORANGE

   2010-19585    14    applied for

Costa Rica

  

BO BOSS ORANGE

   2010-7446    14    applied for

Kosovo

  

BO BOSS ORANGE

   781/10    14    applied for

Surinam

  

BO BOSS ORANGE

   22822    14    applied for

Brazil

  

BO BOSS ORANGE

   830707549    14    applied for

India

  

BO BOSS ORANGE

   2038531    14    applied for

Canada

  

BO BOSS ORANGE

   1499919    14    applied for

Indonesia

  

BO BOSS ORANGE

   39323    14    published

Singapore

  

BO BOSS ORANGE

   A 03662/09    14    published

United Arab Emirates

  

BO BOSS ORANGE

   146169    14    published

Kuwait

  

BO BOSS ORANGE

   114070    14    published

Uruguay

  

BO BOSS ORANGE

   415214    14    published

Lebanon

  

BO BOSS ORANGE

   130564    14    published

Saudi Arabia

  

BO BOSS ORANGE

   158460    14    published

New Zealand

  

BO BOSS ORANGE

   829063    14    published

Argentina

  

BO BOSS ORANGE

   3024370    14    published

St. Lucia

  

BO BOSS ORANGE

   TM/2010/000364    14    published

Malaysia

  

BO BOSS ORANGE

   10020716    14    published

Venezuela

  

BO BOSS ORANGE

   16266-2010    14    published


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Thailand

  

BO BOSS ORANGE

   782922    14    published

Angola

  

BO BOSS ORANGE

   26359/10    14    published

Andorra

  

BO BOSS ORANGE

   29335    14    published

Tunisia

  

BO BOSS ORANGE

   TN/E/2010/02337    14    published

Peru

  

BOSS

   39436    14    registered

Denmark

  

BOSS

   773035    14    registered

Algeria

  

BOSS

   773035    14    registered

Algeria

  

BOSS

   483341    14    registered

Australia

  

BOSS

   461875    14    registered

Bosnia-Herzegovina

  

BOSS

   773035    14    registered

Sweden

  

BOSS

   49221    14    registered

Uruguay

  

BOSS

   352211    14    registered

Slovakia

  

BOSS

   483341    14    registered

Antigua and Barbuda

  

BOSS

   773035    14    registered

Bulgaria

  

BOSS

   773035    14    registered

Kyrgystan

  

BOSS

   773035    14    registered

Israel

  

BOSS

   68301    14    registered

Iceland

  

BOSS

   773035    14    registered

Bosnia-Herzegovina

  

BOSS

   483341    14    registered

Portugal

  

BOSS

   49221    14    registered

Moldavia

  

BOSS

   483341    14    registered

Turkey

  

BOSS

   773035    14    registered

Greece

  

BOSS

   49221    14    registered

Serbia

  

BOSS

   515189    14    registered

France

  

BOSS

   49221    14    registered

Canada

  

BOSS

   526466    14    registered

Albania

  

BOSS

   483341    14    registered

Lithuania

  

BOSS

   773035    14    registered

Ukraine

  

BOSS

   483341    14    registered

Lithuania

  

BOSS

   8430    14    registered

Finland

  

BOSS

   49221    14    registered

Serbia

  

BOSS

   773035    14    registered

Poland

  

BOSS

   66417    14    registered

Switzerland

  

BOSS

   483341    14    registered

Thailand

  

BOSS

   108400    14    registered

Hungary

  

BOSS

   515189    14    registered

Belarus

  

BOSS

   515189    14    registered

Singapore

  

BOSS

   5002/87    14    registered

Kazakhstan

  

BOSS

   483341    14    registered

Moldavia

  

BOSS

   515189    14    registered

France

  

BOSS

   1414947    14    registered

Ukraine

  

BOSS

   515189    14    registered

Estonia

  

BOSS

   773035    14    registered

India

  

BOSS

   944967    14    registered

Spain

  

BOSS

   773035    14    registered

Hungary

  

BOSS

   483341    14    registered

Belarus

  

BOSS

   483341    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Czech Republic

  

BOSS

   773035    14    registered

Slovenia

  

BOSS

   200071890    14    registered

Vietnam

  

BOSS

   773035    14    registered

Egypt

  

BOSS

   515189    14    registered

Morocco

  

BOSS

   773035    14    registered

Austria

  

BOSS

   483341    14    registered

Switzerland

  

BOSS

   515189    14    registered

Kenya

  

BOSS

   773035    14    registered

Sweden

  

BOSS

   225178    14    registered

Austria

  

BOSS

   773035    14    registered

Switzerland

  

BOSS

   773035    14    registered

Liechtenstein

  

BOSS

   483341    14    registered

Finland

  

BOSS

   773035    14    registered

Korea South

  

BOSS

   502360    14    registered

Rumania

  

BOSS

   515189    14    registered

Pakistan

  

BOSS

   166062    14    registered

Italy

  

BOSS

   773035    14    registered

Portugal

  

BOSS

   515189    14    registered

Lesotho

  

BOSS

   773035    14    registered

Benelux

  

BOSS

   515189    14    registered

Slovenia

  

BOSS

   483341    14    registered

Slovakia

  

BOSS

   773035    14    registered

Rumania

  

BOSS

   483341    14    registered

Macedonia

  

BOSS

   515189    14    registered

Japan

  

BOSS

   773035    14    registered

Austria

  

BOSS

   515189    14    registered

Denmark

  

BOSS

   49221    14    registered

Taiwan

  

BOSS

   419774    14    registered

Sudan

  

BOSS

   515189    14    registered

Morocco

  

BOSS

   515189    14    registered

Cuba

  

BOSS

   773035    14    registered

South Africa

  

BOSS

   87/3241    14    registered

Curacao

  

BOSS

   674    14    registered

Slovakia

  

BOSS

   515189    14    registered

Italy

  

BOSS

   515189    14    registered

Ireland

  

BOSS

   49221    14    registered

Korea North

  

BOSS

   483341    14    registered

Tadzhikistan

  

BOSS

   483341    14    registered

Kyrgystan

  

BOSS

   483341    14    registered

Kyrgystan

  

BOSS

   515189    14    registered

United Arab Emirates

  

BOSS

   31074    14    registered

Australia

  

BOSS

   773035    14    registered

Haiti

  

BOSS

   D-1658    14    registered

Moldavia

  

BOSS

   773035    14    registered

Swaziland

  

BOSS

   773035    14    registered

Macedonia

  

BOSS

   483341    14    registered

Liberia

  

BOSS

   773035    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Honduras

  

BOSS

   81.128    14    registered

Hungary

  

BOSS

   773035    14    registered

Bhutan

  

BOSS

   773035    14    registered

Vietnam

  

BOSS

   483341    14    registered

Canada

  

BOSS

   416215    14    registered

Azerbaidzan

  

BOSS

   773035    14    registered

France

  

BOSS

   515189    14    registered

USA

  

BOSS

   3,303,022    14    registered

France

  

BOSS

   483341    14    registered

Rumania

  

BOSS

   773035    14    registered

Great Britain

  

BOSS

   49221    14    registered

Nicaragua

  

BOSS

   49535    14    registered

USA

  

BOSS

   1,472,180    14    registered

San Marino

  

BOSS

   515189    14    registered

Croatia

  

BOSS

   773035    14    registered

Germany

  

BOSS

   515189    14    registered

Japan

  

BOSS

   2190696    14    registered

Singapore

  

BOSS

   773035    14    registered

Portugal

  

BOSS

   483341    14    registered

Armenia

  

BOSS

   773035    14    registered

Great Britain

  

BOSS

   773035    14    registered

Georgia

  

BOSS

   4102    14    registered

Monaco

  

BOSS

   483341    14    registered

China

  

BOSS

   773035    14    registered

Algeria

  

BOSS

   515189    14    registered

Georgia

  

BOSS

   773035    14    registered

Poland

  

BOSS

   773035    14    registered

Mozambique

  

BOSS

   773035    14    registered

Egypt

  

BOSS

   773035    14    registered

Benelux

  

BOSS

   773035    14    registered

Japan

  

BOSS

   2191582    14    registered

Bosnia-Herzegovina

  

BOSS

   515189    14    registered

Kazakhstan

  

BOSS

   515189    14    registered

Belgium

  

BOSS

   49221    14    registered

Greece

  

BOSS

   78113    14    registered

Ireland

  

BOSS

   132381    14    registered

Kuwait

  

BOSS

   19654    14    registered

Trinidad and Tobago

  

BOSS

   31245    14    registered

Germany

  

BOSS

   1056140    14    registered

Croatia

  

BOSS

   515189    14    registered

Greece

  

BOSS

   773035    14    registered

Macao

  

BOSS

   1702    14    registered

Benelux

  

BOSS

   483341    14    registered

New Zealand

  

BOSS

   169997    14    registered

Monaco

  

BOSS

   773035    14    registered

Slovenia

  

BOSS

   Z-200270103    14    published

Korea North

  

BOSS

   515189    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Italy

  

BOSS

   483341    14    registered

Slovenia

  

BOSS

   515189    14    registered

Morocco

  

BOSS

   483341    14    registered

Portugal

  

BOSS

   773035    14    registered

Czech Republic

  

BOSS

   483341    14    registered

Bulgaria

  

BOSS

   515189    14    registered

Uzbekistan

  

BOSS

   483341    14    registered

Mongolia

  

BOSS

   773035    14    registered

San Marino

  

BOSS

   773035    14    registered

Myanmar

  

BOSS

   4/1186/1998    14    registered

Belarus

  

BOSS

   773035    14    registered

Ukraine

  

BOSS

   773035    14    registered

Norway

  

BOSS

   135716    14    registered

France

  

BOSS

   773035    14    registered

Monaco

  

BOSS

   515189    14    registered

Kazakhstan

  

BOSS

   773035    14    registered

Czech Republic

  

BOSS

   515189    14    registered

Australia

  

BOSS

   647105    14    registered

Liechtenstein

  

BOSS

   773035    14    registered

Mongolia

  

BOSS

   515189    14    registered

Sweden

  

BOSS

   773035    14    registered

Spain

  

BOSS

   49221    14    registered

Liechtenstein

  

BOSS

   515189    14    registered

Slovenia

  

BOSS

   773035    14    registered

Cyprus Greek

  

BOSS

   49637    14    registered

Uzbekistan

  

BOSS

   515189    14    registered

Netherlands

  

BOSS

   49221    14    registered

Russia

  

BOSS

   773035    14    registered

Vietnam

  

BOSS

   515189    14    registered

Tadzhikistan

  

BOSS

   515189    14    registered

Spain

  

BOSS

   515189    14    registered

Tadzhikistan

  

BOSS

   773035    14    registered

Turkmenistan

  

BOSS

   773035    14    registered

Serbia

  

BOSS

   483341    14    registered

Russia

  

BOSS

   483341    14    registered

Macedonia

  

BOSS

   773035    14    registered

Jamaica

  

BOSS

   B38806    14    registered

Armenia

  

BOSS

   483341    14    registered

Latvia

  

BOSS

   773035    14    registered

Turkey

  

BOSS

   99252    14    registered

Croatia

  

BOSS

   483341    14    registered

Brazil

  

BOSS

   813467110    14    registered

Austria

  

BOSS

   49221    14    registered

Chile

  

BOSS

   833481    14    registered

Kosovo

  

BOSS

   4899    14    applied for

Slovenia

  

BOSS

   Z-200270103    14    published

Tunisia

  

BOSS

   E080829    14    published


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Vietnam

  

BOSS

   4-2011-16015    14    published

Indonesia

  

BOSS HUGO BOSS

   IDM000200743    14    registered

Myanmar

  

BOSS HUGO BOSS

   4/1184/1998    14    registered

Greece

  

BOSS HUGO BOSS

   106590    14    registered

Lebanon

  

BOSS HUGO BOSS

   118118    14    registered

Mexico

  

BOSS HUGO BOSS

   502193    14    registered

Vietnam

  

BOSS HUGO BOSS

   4-2011-16014    14    published

San Marino

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Tadzhikistan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Netherlands

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Vietnam

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Sweden

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Ecuador

  

BOSS HUGO BOSS LABEL

   4056-94    14    registered

Switzerland

  

BOSS HUGO BOSS LABEL

   516345    14    registered

France

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Mongolia

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Spain

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Finland

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Belgium

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Italy

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Albania

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Kazakhstan

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Slovakia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Hungary

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Iran

  

BOSS HUGO BOSS LABEL

   100166    14    registered

France

  

BOSS HUGO BOSS LABEL

   606620    14    registered

San Marino

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Sudan

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Germany

  

BOSS HUGO BOSS LABEL

   2036450    14    registered

Croatia

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Cuba

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Poland

  

BOSS HUGO BOSS LABEL

   606620    14    registered

USA

  

BOSS HUGO BOSS LABEL

   754225    14    published

Macedonia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Moldavia

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Dominican Republic

  

BOSS HUGO BOSS LABEL

   73784    14    registered

Togo

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Vietnam

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Korea South

  

BOSS HUGO BOSS LABEL

   319338    14    registered

Croatia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Kazakhstan

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Mexico

  

BOSS HUGO BOSS LABEL

   422852    14    registered

Monaco

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Mexico

  

BOSS HUGO BOSS LABEL

   422851    14    registered

Tadzhikistan

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Barbados

  

BOSS HUGO BOSS LABEL

   81/11740    14    registered

Rumania

  

BOSS HUGO BOSS LABEL

   606620    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Gaza

  

BOSS HUGO BOSS LABEL

   7417    14    registered

Kyrgystan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Vietnam

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Belarus

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Egypt

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Slovakia

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Burkina Faso

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Thailand

  

BOSS HUGO BOSS LABEL

   66840    14    registered

Italy

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Austria

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Japan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Congo

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Iceland

  

BOSS HUGO BOSS LABEL

   236/1993    14    registered

Uzbekistan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Cyprus Greek

  

BOSS HUGO BOSS LABEL

   39326    14    registered

Oman

  

BOSS HUGO BOSS LABEL

   23787    14    registered

Lithuania

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Benelux

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Liechtenstein

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Costa Rica

  

BOSS HUGO BOSS LABEL

   88091    14    registered

Finland

  

BOSS HUGO BOSS LABEL

   134230    14    registered

Portugal

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Russia

  

BOSS HUGO BOSS LABEL

   247287    14    registered

Rumania

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Bulgaria

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Cuba

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Macao

  

BOSS HUGO BOSS LABEL

   13018    14    registered

Czech Republic

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Bhutan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Andorra

  

BOSS HUGO BOSS LABEL

   21658    14    registered

Korea North

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Turkey

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Macedonia

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Mongolia

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Jamaica

  

BOSS HUGO BOSS LABEL

   B39835    14    registered

Bosnia-Herzegovina

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Germany

  

BOSS HUGO BOSS LABEL

   1108880    14    registered

China

  

BOSS HUGO BOSS LABEL

   550975    14    registered

Great Britain

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Germany

  

BOSS HUGO BOSS LABEL

   1185466    14    registered

Germany

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Albania

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Greece

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Luxembourg

  

BOSS HUGO BOSS LABEL

   49262    14    registered

France

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Ivory Coast

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Portugal

  

BOSS HUGO BOSS LABEL

   754225    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

China

  

BOSS HUGO BOSS LABEL

   1290449    14    registered

Spain

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Macedonia

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Portugal

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Guatemala

  

BOSS HUGO BOSS LABEL

   77108    14    registered

Great Britain

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Liechtenstein

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Kazakhstan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Sweden

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Poland

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Bahrain

  

BOSS HUGO BOSS LABEL

   16962    14    registered

Hungary

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Croatia

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Ghana

  

BOSS HUGO BOSS LABEL

   31828    14    registered

Peru

  

BOSS HUGO BOSS LABEL

   13715    14    registered

Chile

  

BOSS HUGO BOSS LABEL

   646494    14    registered

China

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Antigua and Barbuda

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Russia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Czech Republic

  

BOSS HUGO BOSS LABEL

   516345    14    registered

China

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Ukraine

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Greece

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Italy

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Algeria

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Colombia

  

BOSS HUGO BOSS LABEL

   159326    14    registered

Equatorial Guinea

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Spain

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Chile

  

BOSS HUGO BOSS LABEL

   392343    14    registered

Singapore

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Austria

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Central African Republic

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Serbia

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Cuba

  

BOSS HUGO BOSS LABEL

   550975    14    registered

Liechtenstein

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Jordan

  

BOSS HUGO BOSS LABEL

   33480    14    registered

Iceland

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Rumania

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Saudi Arabia

  

BOSS HUGO BOSS LABEL

   638/23    14    registered

Serbia

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Moldavia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Hong Kong

  

BOSS HUGO BOSS LABEL

   01161/2000    14    registered

Lesotho

  

BOSS HUGO BOSS LABEL

   754225    14    registered

United Arab Emirates

  

BOSS HUGO BOSS LABEL

   23105    14    registered

Italy

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Benelux

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Gabon

  

BOSS HUGO BOSS LABEL

   32910    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Slovenia

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Latvia

  

BOSS HUGO BOSS LABEL

   M16783    14    registered

Korea North

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Uruguay

  

BOSS HUGO BOSS LABEL

   351727    14    registered

Sierra Leone

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Uzbekistan

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Sweden

  

BOSS HUGO BOSS LABEL

   319458    14    registered

Indonesia

  

BOSS HUGO BOSS LABEL

   IDM000200744    14    registered

Chile

  

BOSS HUGO BOSS LABEL

   646495    14    registered

Malaysia

  

BOSS HUGO BOSS LABEL

   93/09121    14    registered

Turkmenistan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Norway

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Monaco

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Pakistan

  

BOSS HUGO BOSS LABEL

   166059    14    registered

Austria

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Azerbaidzan

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Denmark

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Denmark

  

BOSS HUGO BOSS LABEL

   03.620/1996    14    registered

Curacao

  

BOSS HUGO BOSS LABEL

   673    14    registered

Morocco

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Bulgaria

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Czech Republic

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Brazil

  

BOSS HUGO BOSS LABEL

   200029193    14    registered

Namibia

  

BOSS HUGO BOSS LABEL

   02/0661    14    registered

San Marino

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Lithuania

  

BOSS HUGO BOSS LABEL

   8947    14    registered

Mongolia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Slovenia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Switzerland

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Benelux

  

BOSS HUGO BOSS LABEL

   754225    14    registered

France

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Morocco

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Hungary

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Norway

  

BOSS HUGO BOSS LABEL

   166036    14    registered

Slovakia

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Liberia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Finland

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Bolivia

  

BOSS HUGO BOSS LABEL

   65335-A    14    registered

Malta

  

BOSS HUGO BOSS LABEL

   22725    14    registered

Qatar

  

BOSS HUGO BOSS LABEL

   24085    14    registered

Mali

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Chad

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Algeria

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Denmark

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Egypt

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Trinidad and Tobago

  

BOSS HUGO BOSS LABEL

   31244    14    registered

Estonia

  

BOSS HUGO BOSS LABEL

   754225    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Kyrgystan

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Indonesia

  

BOSS HUGO BOSS LABEL

   330827    14    registered

Bahamas

  

BOSS HUGO BOSS LABEL

   16180    14    registered

Panama

  

BOSS HUGO BOSS LABEL

   70279    14    registered

Georgia

  

BOSS HUGO BOSS LABEL

   832    14    registered

Poland

  

BOSS HUGO BOSS LABEL

   584899    14    registered

Serbia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Philippines

  

BOSS HUGO BOSS LABEL

   63703    14    registered

Mexico

  

BOSS HUGO BOSS LABEL

   422853    14    registered

Austria

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Bermuda

  

BOSS HUGO BOSS LABEL

   25579    14    registered

Morocco

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Switzerland

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Monaco

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Swaziland

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Armenia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Kenya

  

BOSS HUGO BOSS LABEL

   51901    14    registered

Brazil

  

BOSS HUGO BOSS LABEL

   813467160    14    registered

Estonia

  

BOSS HUGO BOSS LABEL

   45463    14    registered

Ukraine

  

BOSS HUGO BOSS LABEL

   516345    14    registered

Sudan

  

BOSS HUGO BOSS LABEL

   606620    14    registered

Paraguay

  

BOSS HUGO BOSS LABEL

   270171    14    registered

Yemen

  

BOSS HUGO BOSS LABEL

   14049    14    registered

Georgia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Bulgaria

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Venezuela

  

BOSS HUGO BOSS LABEL

   P232339    14    registered

Mauretania

  

BOSS HUGO BOSS LABEL

   32910    14    registered

Latvia

  

BOSS HUGO BOSS LABEL

   754225    14    registered

Ireland

  

BOSS HUGO BOSS LABEL

   49262    14    registered

Hong Kong

  

BOSS HUGO BOSS LABEL

   17951/2002    14    applied for

Kosovo

  

BOSS HUGO BOSS LABEL

   4897    14    applied for

USA

  

BOSS HUGO BOSS LABEL

   754225    14    published

Angola

  

BOSS HUGO BOSS LABEL

   15002/06    14    published

Tunisia

  

BOSS HUGO BOSS LABEL

   E080830    14    published

Vietnam

  

BOSS HUGO BOSS LABEL

   4-2011-16016    14    published

Portugal

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Great Britain

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Mexico

  

BOSS HUGO BOSS (white on black background)

   775800    14    registered

Belgium

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

China

  

BOSS HUGO BOSS (white on black background)

   785514    14    registered

Brazil

  

BOSS HUGO BOSS (white on black background)

   824840100    14    registered

Greece

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Canada

  

BOSS HUGO BOSS (white on black background)

   659029    14    registered

Spain

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Denmark

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Luxembourg

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Ireland

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered


Appendix 1

Exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Germany

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Italy

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Taiwan

  

BOSS HUGO BOSS (white on black background)

   1063553    14    registered

Netherlands

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Finland

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Austria

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Germany

  

BOSS HUGO BOSS (white on black background)

   30205552    14    registered

France

  

BOSS HUGO BOSS (white on black background)

   2860377    14    registered

Hong Kong

  

BOSS HUGO BOSS LABEL (Orange square)

   300973981    14    applied for

Malaysia

  

BOSS HUGO BOSS LABEL (Orange square)

   7021715    14    applied for

Angola

  

BOSS HUGO BOSS LABEL (Orange square)

   15007/06    14    published

Canada

  

BOSS HUGO BOSS LABEL (Orange square)

   1367581    14    published

Indonesia

  

BOSS HUGO BOSS LABEL (Orange square)

   D00-2007-035729    14    published


Appendix 2

Non-exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Czech Republic

  

HUGO BOSS

   482758    14    registered

Georgia

  

HUGO BOSS

   831    14    registered

Turkey

  

HUGO BOSS

   99522    14    registered

Korea North

  

HUGO BOSS

   513257    14    registered

Ireland

  

HUGO BOSS

   132376    14    registered

Switzerland

  

HUGO BOSS

   482758    14    registered

Portugal

  

HUGO BOSS

   49254    14    registered

Moldavia

  

HUGO BOSS

   482758    14    registered

Poland

  

HUGO BOSS

   66418    14    registered

Italy

  

HUGO BOSS

   513257    14    registered

Kyrgystan

  

HUGO BOSS

   482758    14    registered

Spain

  

HUGO BOSS

   49254    14    registered

Tadzhikistan

  

HUGO BOSS

   513257    14    registered

Liechtenstein

  

HUGO BOSS

   513257    14    registered

Canada

  

HUGO BOSS

   455614    14    registered

Uzbekistan

  

HUGO BOSS

   513257    14    registered

Austria

  

HUGO BOSS

   49254    14    registered

Egypt

  

HUGO BOSS

   513257    14    registered

Great Britain

  

HUGO BOSS

   1298756    14    registered

France

  

HUGO BOSS

   49254    14    registered

Kazakhstan

  

HUGO BOSS

   513257    14    registered

Monaco

  

HUGO BOSS

   513257    14    registered

Liechtenstein

  

HUGO BOSS

   482758    14    registered

Belarus

  

HUGO BOSS

   482758    14    registered

Tadzhikistan

  

HUGO BOSS

   482758    14    registered

Monaco

  

HUGO BOSS

   482758    14    registered

Austria

  

HUGO BOSS

   482758    14    registered

Kyrgystan

  

HUGO BOSS

   513257    14    registered

Spain

  

HUGO BOSS

   482758    14    registered

Portugal

  

HUGO BOSS

   513257    14    registered

Denmark

  

HUGO BOSS

   VR199002905    14    registered

France

  

HUGO BOSS

   482758    14    registered

Morocco

  

HUGO BOSS

   513257    14    registered

Denmark

  

HUGO BOSS

   03.428/1991    14    registered

Armenia

  

HUGO BOSS

   482758    14    registered

Vietnam

  

HUGO BOSS

   513257    14    registered

Australia

  

HUGO BOSS

   461881    14    registered

Finland

  

HUGO BOSS

   125853    14    registered


Appendix 2

Non-exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Hungary

  

HUGO BOSS

   513257    14    registered

Norway

  

HUGO BOSS

   136013    14    registered

Great Britain

  

HUGO BOSS

   49254    14    registered

Sweden

  

HUGO BOSS

   49254    14    registered

Ukraine

  

HUGO BOSS

   513257    14    registered

Switzerland

  

HUGO BOSS

   513257    14    registered

Chile

  

HUGO BOSS

   837205    14    registered

Denmark

  

HUGO BOSS

   49254    14    registered

Singapore

  

HUGO BOSS

   5007/87    14    registered

Belarus

  

HUGO BOSS

   513257    14    registered

Latvia

  

HUGO BOSS

   M16782    14    registered

Israel

  

HUGO BOSS

   68296    14    registered

Czech Republic

  

HUGO BOSS

   513257    14    registered

USA

  

HUGO BOSS

   3,013,444    14    registered

Morocco

  

HUGO BOSS

   482758    14    registered

Kuwait

  

HUGO BOSS

   19657    14    registered

Slovakia

  

HUGO BOSS

   513257    14    registered

Netherlands

  

HUGO BOSS

   49254    14    registered

Ireland

  

HUGO BOSS

   49254    14    registered

Kazakhstan

  

HUGO BOSS

   482758    14    registered

Macedonia

  

HUGO BOSS

   513257    14    registered

Myanmar

  

HUGO BOSS

   4/1183/1998    14    registered

Croatia

  

HUGO BOSS

   482758    14    registered

Finland

  

HUGO BOSS

   49254    14    registered

Uruguay

  

HUGO BOSS

   351755    14    registered

Sudan

  

HUGO BOSS

   513257    14    registered

South Africa

  

HUGO BOSS

   87/3236    14    registered

Australia

  

HUGO BOSS

   647111    14    registered

Algeria

  

HUGO BOSS

   513257    14    registered

Croatia

  

HUGO BOSS

   513257    14    registered

Serbia

  

HUGO BOSS

   513257    14    registered

Japan

  

HUGO BOSS

   2242045    14    registered

Slovakia

  

HUGO BOSS

   482758    14    registered

Spain

  

HUGO BOSS

   513257    14    registered

Uzbekistan

  

HUGO BOSS

   482758    14    registered

Hong Kong

  

HUGO BOSS

   13601/1999    14    registered

Hungary

  

HUGO BOSS

   482758    14    registered

Rumania

  

HUGO BOSS

   513257    14    registered


Appendix 2

Non-exclusive license for watches

 

Country

  

Trademark

   No.    Class   

Status

Slovenia

  

HUGO BOSS

   482758    14    registered

Rumania

  

HUGO BOSS

   482758    14    registered

Germany

  

HUGO BOSS

   1103572    14    registered

Algeria

  

HUGO BOSS

   482758    14    registered

San Marino

  

HUGO BOSS

   513257    14    registered

Andorra

  

HUGO BOSS

   21656    14    registered

Italy

  

HUGO BOSS

   49254    14    registered

Bosnia-Herzegovina

  

HUGO BOSS

   513257    14    registered

France

  

HUGO BOSS

   1414944    14    registered

San Marino

  

HUGO BOSS

   482758    14    registered

Portugal

  

HUGO BOSS

   482758    14    registered

Thailand

  

HUGO BOSS

   Kor333489    14    registered

Germany

  

HUGO BOSS

   1056562    14    registered

Belgium

  

HUGO BOSS

   49254    14    registered

Lithuania

  

HUGO BOSS

   8429    14    registered

Serbia

  

HUGO BOSS

   482758    14    registered

France

  

HUGO BOSS

   513257    14    registered

Luxembourg

  

HUGO BOSS

   49254    14    registered

Italy

  

HUGO BOSS

   482758    14    registered

Vietnam

  

HUGO BOSS

   482758    14    registered

Taiwan

  

HUGO BOSS

   419767    14    registered

Ukraine

  

HUGO BOSS

   482758    14    registered

Germany

  

HUGO BOSS

   49254    14    registered

Benelux

  

HUGO BOSS

   482758    14    registered

Egypt

  

HUGO BOSS

   482758    14    registered

Greece

  

HUGO BOSS

   49254    14    registered

Greece

  

HUGO BOSS

   88319    14    registered

New Zealand

  

HUGO BOSS

   170002    14    registered

Canada

  

HUGO BOSS

   525362    14    registered

Kosovo

  

HUGO BOSS

   4889    14    applied for

Vietnam

  

HUGO BOSS

   4-2011-16013    14    published


GAR   HUGO BOSS   WATCHES

APPENDIX 3

GAR

General Acceptance Requirements

&

Confidentiality Agreement

 

1

 


GAR   HUGO BOSS   WATCHES

CONTACTS

SWITZERLAND

MGI LUXURY GROUP S.A.

Engineering

Heinz Steiger

Rue de Nidau 35

CH-2501 Bienne, Switzerland

Tel 41 32/ 329 34 00 / Direct 41 32/ 329 35 10

Email: hsteiger@movado.ch

FAR EAST

Swissam Products Ltd.

Engineering

Raymond Chung

1406 World Finance Centre

North Tower, Harbour City

Tsimshatsui, Kowloon

Hong Kong

Tel (852) 2736-0564 / Direct

E-mail: rchung@movadogroup.com

EDITION

Edited by MOVADO Group Engineering, Switzerland

Languages: English

First Edition 2004

MGI Engineering

December

2004

All rights reserved. No part of this GAR may be reproduced or transferred in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from MOVADO Group.

 

MGI Engineering

  December 2004

 

2

 


GAR   HUGO BOSS   WATCHES

TABLE OF CONTENT

 

INTRODUCTION

  5

1.

 

CASE

  7

2.

 

DIAL & HANDS

  16

3.

 

BRACELET

  21

4

 

STRAP

  34

5

 

BUCKLE

  39

6

 

MOVEMENT

  41

7

 

DIAMOND

  42

8

 

PLATING

  45

9

 

COMPLETE WATCHES

  47

10

 

QUALITY

  50

11

 

PRE – SHIPMENT INSPECTION

  54

12

 

CONFIDENTIALITY AGREEMENT

  55
 

QUICK CHECK GAR

  58
 

GAR UPDATES

  59

 

MGI Engineering

  December 2004

 

3

 


GAR   HUGO BOSS   WATCHES

 

MGI Engineering

  December 2004

 

 

4

 


GAR   HUGO BOSS   WATCHES

INTRODUCTION

The purpose of this GAR (General Acceptance Requirements) is to maximize engineering responsibilities and activities with suppliers. This GAR will help to encourage and maintain a mutual understanding between Movado Group and suppliers.

GAR and specifications serve as a guideline and will be updated regularly in order to give the greatest input for product requirements.

For new product development, Movado Group will, provide for the suppliers, additional product specifications if necessary.

To assure a good functioning of the engineering, rules and responsibilities as outlined in this GAR have to be respected by all parties involved.

An important factor is also Modularity. MG requests the supplier to use standardized components as outlined in this GAR. As a general rule, MG must approve deviations from those standards.

Suppliers are always requested to sign off on GAR updates, this to avoid misunderstandings.

CONFIDENTIALITY

This is a confidential document. Under no circumstances are copies to be made without the written approval of MGI.

The vendor must keep in confidence all designs and technical specifications of the product line. Under no circumstances is the vendor allowed to show dials and other materials made for MGI as samples to a third party.

 

MGI Engineering

  December 2004

 

5

 


GAR   HUGO BOSS   WATCHES

 

MGI Engineering

  December 2004

 

 

6

 


*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT.


GAR    HUGO BOSS    WATCHES

 

12 CONFIDENTIALITY AGREEMENT

THIS AGREEMENT made this      day of                      200 by and between                                         , a corporation organized and existing under the laws of                      having offices at                                          (hereafter called the << Corporation >>), and Movado Group, Inc., a corporation organized and existing under the laws of the State of New Jersey, having offices at 650 From Road, Paramus, N. J. 07652 (hereafter called MGI).

12.1 WITNESSETH

Whereas, the parties contemplate establishing a business relationship for the purpose of the Corporation manufacturing, producing, and supplying to MGI fully assembled watches and component parts therefore, bearing or to be sold by MGI or certain of its affiliates under the trademark Hugo Boss or such other trademarks owned by Hugo Boss Trademark Management Gmbh & Co., which will make it necessary and desirable that MGI disclose to the Corporation confidential information, including all knowledge and data which is made available by MGI or developed in the course of the parties’ business relationship, proprietary to the MGI (hereinafter called the “Information”) concerning current, future or proposed watch designs, ideas, prints, sketches, samples, models, drawings, specifications, production quantities, costs, customers, know how and the like relating to such product or products or to MGI’s business or potential interest;

NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter contained, the parties agree:

1. The Corporation, upon receiving the Information from MGI, shall not communicate such Information to any third party and shall use its best efforts and take all necessary precautions to prevent inadvertent disclosures of such Information to any third party.

2. The Corporation shall neither use the Information for its own account nor circulate it within its own organization except to the extent necessary for:

 

  a)

Negotiations, discussions and consultations with personnel or authorized representatives of MGI or the Corporation;

 

  b)

Supplying MGI with goods or services at its order;

 

  c)

Preparing bids, estimates and proposals for submission to MGI; and

 

  d)

Any purpose MGI may hereunder authorize in writing

The Corporation agrees that if the Information is circulated pursuant to the foregoing provisions (a) through (d), any person receiving the Information shall be directed and required by the Corporation to maintain the Information in confidence. The Corporation shall use its best efforts and take all necessary precautions to prevent inadvertent disclosure of the Information and shall not manufacture or permit any third party to manufacture any goods employing or adopted from any of such Information or the Trademarks.

3. The obligations of Paragraphs 1 and 2 hereof shall terminate with respect to any particular portion of the Information when the Corporation can document that it was in the public domain at the time of its disclosure.

 

MGI Engineering    55    December 2004


GAR    HUGO BOSS    WATCHES

 

 

4.

All materials, including, without limitation, documents, drawings, models, apparatus, sketches, designs, and lists, furnished to the Corporation by or on behalf of MGI shall remain the property of, and shall be returned upon demand to, MGI together with all copies made thereof.

 

5.

Because the Information revealed by MGI to the Corporation under this Agreement is unique and proprietary to MGI and MGI does not have an adequate remedy at law to protect its interests, the Corporation agrees that MGI shall be entitled to injunctive relief, in addition to such emedies and relief that would, in the event of a breach, be available to it.

 

6.

This Agreement shall be construed in accordance with the laws of the State of New Jersey.

7. In the event this Agreement is also executed by one or more individuals as a guarantor or guarantors of the performance by the Corporation of its obligations hereunder, then each of such individual(s) (“Guarantor”) hereby guaranties the performance by the Corporation of its obligations hereunder, such guaranty being an absolute and continuing guaranty of erformance, and Guarantor shall be personally liable for any violation by the Corporation of this Agreement.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers as of the day and year first above written.

 

MOVADO GROUP, INC.

By:

 

 

Name:

 

 

Title:

 

 

CORPORATION

By:

 

 

Name:

 

 

Title:

 

 

GUARANTOR

By:

 

 

Name:

 

 

 

MGI Engineering    56    December 2004


GAR    HUGO BOSS    WATCHES

 

REMARKS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MGI Engineering    57    December 2004


GAR    HUGO BOSS    WATCHES

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT

 

MGI ENGINEERING    58    December 2004


GAR    HUGO BOSS    WATCHES

 

GAR UPDATES

 

REF

  

COMPONENT

   ITEM   

GAR UPDATES

REASON

  

DESCRIPTION OF CHANGE

   DATE
              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

              

 

  

 

  

 

  

 

  

 

  

 

 

MGI ENGINEERING    59    December 2004


GAR    HUGO BOSS    WATCHES

 

MOVADO GROUP

ENGINEERING

Nidaustrasse 35 2501 Biel/Bienne Switzerland


- 1 -

 

 

HUGO BOSS Social Standards

 

 

 

1.

Introduction

The following Social Standards stipulate fundamental rights for the employees of HUGO BOSS and its suppliers and contain guidelines for environmental protection.

They are based on the International Labor Organization Conventions (ILO) and the United Nations Universal Declaration of Human Rights. It is imperative that all suppliers comply with them. HUGO BOSS reserves the right to alter these Social Standards whenever reasonable amendments are necessary.

The requirements and obligations under these Social Standards apply to all persons employed by the supplier irrespective of whether they are permanent employees, home workers or have a status that is otherwise comparable to permanent employment.

The supplier is obliged to duly inform the persons employed about their rights and duties under the Social Standards and about their rights and duties as employees under the applicable national law. In addition, he will appoint one of his employees to be in charge of implementing the Social Standards and will notify HUGO BOSS of such person’s name.

The supplier will also be obliged to inform his subcontractors and sub-suppliers about the HUGO BOSS Social Standards and to monitor compliance with them in an appropriate manner.

The supplier must document in writing all significant activities undertaken to comply with the Social Standards.

 

2.

Guidelines

 

  2.1

Compliance with National Laws and the Social Standards

The supplier is obliged to comply with the national labor and social welfare legislation relevant at each of his production locations.

In addition, the Social Standards set the minimum standard to be applied. In the event that the goals of national legislation coincide with those embodied in the Social Standards, the provision that provides the greatest protection for employees shall prevail.

2.2 Child Labor

The supplier undertakes not to employ any children. The minimum age for the commencement of employment is 15 years; however, no person may commence employment before he or she has reached the age at which school attendance ceases to be compulsory. In addition, the supplier must ensure that employees under the age of 18 do not perform work that is dangerous, in particular work which would interfere with their education and training or their health or their physical, mental, intellectual, moral or social development.


- 2 -

 

  2.3

Forced Labor

No person may be employed or compelled to work against his or her will. In particular, suppliers may in no way use forced laborers, indentured servants, slaves or prisoners. Employees may not be restricted in their freedom of movement either during or after working hours.

Employees may only be required to deposit documents with the supplier that the law requires to be deposited in order to establish and maintain an employment relationship. Suppliers may not require their employees to furnish a “security deposit”. Nor may they retain employees’ identification papers. Employees must be able to terminate their employment at any time by giving due notice.

 

  2.4

Humane Working Conditions

The supplier must respect the personal dignity, privacy and rights of personality of each individual. All forms of physical, psychological, sexual or verbal harassment, physical abuse as well as every form of intimidation or exploitation are prohibited. Disciplinary measures must comply with national labor law and internationally accepted standards of human rights.

 

  2.5

Prohibition of Discrimination

All employees must receive equal treatment and opportunities regardless of their race, skin color, gender, age, social, ethnic or national origin, faith, affiliation with employee organizations (including trade unions), political opinions, sexual orientation, marital status or any personal disability or any other personal characteristics.

 

  2.6

Maximum Working Hours and Minimum Annual Leave

Suppliers must comply with the relevant national legislation governing working hours. In the event that national law contains no such provisions or is less stringent than the relevant provisions of the ILO Conventions, the normal working week will be limited to 48 hours. The working week (including overtime) may not exceed 60 hours. A working day (including overtime) may not exceed 12 hours.

Employees must be allowed at least one uninterrupted day of leave (24 hours) after six consecutive working days. In addition, every employee is entitled to the minimum statutory leave entitlement.

 

  2.7

Compensation

The supplier must compensate his employees for their services either in cash or in kind at the discretion of the employee. Such compensation must be sufficient to support the employees and their families, but must be in an amount equivalent to at least as much as the minimum statutory wage applicable in the country where the production takes place. Salaries and wages must be paid out at least once a month. Information regarding their employment contracts and pay slips must be given to employees in writing.

The overtime rates prescribed by law must be paid for overtime worked.


- 3 -

 

Amounts in excess of legally mandated withholding amounts may not be deducted from the wages of employees without their explicit consent, in particular not for punitive or disciplinary reasons.

2.8 Health and Safety

The supplier is responsible for the health and safety of his employees at work. He must provide them with a safe and hygienic working environment and take the most effective measures possible to prevent accidents and occupational diseases.

Main areas of attention shall be on fire, machinery and chemical safety. Escape routes and safety exits shall be clearly identified, well-lit and free from obstructions. Evacuation plans must be prepared and the supplier must conduct evacuation exercises for employees regularly. Fire-fighting equipment must be available and personal protection equipment shall be provided for machineries and handling of hazardous substances. All measures must be documented by the supplier.

The preceding provisions also apply to recreational areas and accommodation for employees if the supplier makes such facilities available.

2.9 Freedom of Association and Collective Bargaining

The right of employees to establish or join the organizations of their choice and conduct negotiations as a group must be respected.

However, in any case a system of Grievance shall be in place for the employees.

 

  2.10

Environmental Protection

The supplier must comply with all environmental rules and regulations that apply in the country of production. In particular, the procedures and standards applied in the disposal of waste, the handling and disposal of chemicals and other hazardous substances as well as in the handling of emissions and waste water must at least comply with the minimum statutory requirements. The supplier is required to continuously work on reducing and avoiding environmental pollution, and to ensure that he uses natural resources as efficiently as possible.

 

3.

Right to Inspection

The supplier agrees that HUGO BOSS may, at any time, without prior notice verify during normal business hours that the supplier or its affiliates which produce for HUGO BOSS are complying with the Social Standards or have compliance verified by one or more individuals or organizations designated by HUGO BOSS. HUGO BOSS may choose such inspectors at its sole discretion. Inspectors must present proof of authorization by HUGO BOSS upon their arrival. As a rule HUGO BOSS bears the costs of such audits. Notwithstanding the foregoing the supplier shall bear the costs of any follow up audit if the result of an audit is risky or insufficient.

 

4.

Sanctions

When imposing sanctions, HUGO BOSS will always consider the circumstances of the individual case and the seriousness of the violation.

If HUGO BOSS determines that the supplier has violated one of the above provisions, it will notify the supplier of the violation and, as a rule, grant him a reasonable time to


- 4 -

 

correct it. The length of time granted for correcting the violation will depend essentially on the nature of the necessary correction measures. If the supplier does not correct the violation in spite of being given a reasonable time to do so, HUGO BOSS may, without further notice, terminate the contractual relationship with immediate effect and remove all of the materials which were made available by it for processing.

In addition, HUGO BOSS reserves the right to terminate its business relationship with the supplier if the supplier commits a serious violation of these Standards or repeatedly violates these provisions. A serious violation includes in particular using child labor or forced labor or unreasonably obstructing an inspection pursuant to paragraph 1 of section 3.

Furthermore, HUGO BOSS reserves the right to claim compensation from the supplier for damages arising from the violation.

 

  Metzingen,

    

  Date

  

Place and Date

      

  HUGO BOSS

  

Supplier


APPENDIX 4

H U G O B O S S

HUGO BOSS Watches – Contract Financials

 

*

                    
                    
                    
                    
                    
                    
                    

 

*

CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT

 

   HUGO BOSS    06-Feb-2012            1/1


APPENDIX 5

MONTHLY REPORTS

- preliminary figures -


TURNOVER BRAND/LINE/GENDER PER COUNTRY (in CHF)

 

Month
Country

 

Brand/Line/Gender

 

January

 

February

 

March

 

1st
Quarter

 

April

 

May

 

June

 

2nd
Quarter

 

July

 

August

 

September

 

3rd
Quarter

 

October

 

November

 

December

 

4th
Quarter

 

Turnover
Total

 

Share
in %

 

year to
date
previous
year

 

Change
in %

Austria

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Austria

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Austria

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Austria

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Austria

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Austria

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Austria

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Belgium

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Belgium

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Belgium

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Belgium

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Belgium

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Belgium

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Belgium

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Bulgaria

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Bulgaria

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Bulgaria

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Bulgaria

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Bulgaria

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Bulgaria

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Bulgaria

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Croatia

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Croatia

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Croatia

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Croatia

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Croatia

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Croatia

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Croatia

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Cyprus

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Cyprus

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Cyprus

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Cyprus

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Cyprus

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Cyprus

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Cyprus

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Czech Rep.

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Denmark

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Denmark

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Denmark

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Denmark

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Denmark

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Denmark

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Denmark

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Finland

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Finland

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Finland

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Finland

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Finland

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Finland

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Finland

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

France

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

France

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

France

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

France

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

France

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

France

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

France

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Germany

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Germany

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Germany

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Germany

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Germany

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Germany

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Germany

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Greece

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Greece

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Greece

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Greece

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Greece

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Greece

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Greece

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Hungary

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Hungary

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Hungary

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Hungary

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Hungary

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Hungary

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Hungary

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Iceland

 

Total

  0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   0   #DIV/0!     #DIV/0!

Iceland

 

BOSS Black Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Iceland

 

BOSS Black Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Iceland

 

BOSS Black Men

        0         0         0         0   0   #DIV/0!     #DIV/0!

Iceland

 

BOSS Orange Total

        0         0         0         0   0   #DIV/0!     #DIV/0!

Iceland

 

BOSS Orange Women

        0         0         0         0   0   #DIV/0!     #DIV/0!

Iceland

 

BOSS Orange Men

        0         0         0         0   0   #DIV/0!     #DIV/0!


TURNOVER BRAND/LINE/GENDER PER COUNTRY (in CHF)