US EditionAppeals Court Vindicates Licensee Fashion Footwear LLC in Battle Against Iconix
- On May 17, 2025, the New York Appellate Court ruled unanimously that US Pony Holdings wrongfully ended its exclusive footwear licensing agreement with Fashion Footwear LLC, a company based in New York.
- Pony allegedly tried to terminate the license claiming a sale of a majority of Iconix shares allowed termination, but no binding sale occurred to trigger this right.
- Both appellate and lower courts found Pony's termination attempt invalid, as it sought to replace Fashion Footwear with Genesco and escape liability through deceptive tactics.
- Harry Adjmi, majority shareholder of Fashion Footwear, praised Oved & Oved’s legal team for their effort, calling the victory a testament to their perseverance and commitment.
- The ruling upholds licensee rights against arbitrary licensors like Iconix, affirms liability for damages Fashion Footwear incurred, and holds broad implications for the fashion industry.
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Appeals Court Vindicates Licensee Fashion Footwear LLC in Battle Against Iconix
NEW YORK, May 16, 2025 /PRNewswire/ -- In a significant decision with far-reaching implications for the fashion industry, a New York Appellate Court unanimously held that US Pony Holdings ("Pony") — an affiliate of global licensing powerhouse Iconix Brand Group…
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