Los Angeles, CA (CNS) – Ed Hardy® master licensee, Nervous Tattoo, Inc., has reached a settlement agreement pertaining to the Ed Hardy ® license with Hardy Way LLC.
Details of the agreement have not been disclosed.
It was announced in May that the Iconix Brand Group, Inc. – owners of the Mossimo, Rampage, Joe Boxer, Bongo, Rocawear, Badgely Mischka, Candie’s and Ocean Pacific brands – has acquired 50 percent interest in Hardy Way, LLC, the owner of the Ed Hardy brand and trademarks.
Iconix paid $17 million for the interest, which consisted of $9 million in cash and $8 million in stock.
Chairman Christian Audigier said, “I am happy to announce that a settlement has been reached. This partnership pools the tremendous talent and resources of both Nervous Tatoo and Hardy Way, and will secure the Ed Hardy® brand as a leader in the fashion world for generations to come.”