Urban Outfitters (URBN) Enters Free People Distribution Deal w/ World Co., Ltd.
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Urban Outfitters, Inc. (Nasdaq: URBN) is pleased to announce an exclusive distribution and marketing agreement with World Co., Ltd. (headquartered in Kobe, Japan) for its Free People brand in Japan.
The multi-year agreement with World Co., Ltd. will mark URBN's first full-scale entry into the Japanese market, and is expected to commence with the Free People brand's spring 2013 collection. Under the agreement, World Co., Ltd will have the right to distribute merchandise through shop-in-shop locations, a stand-alone store, direct-to-consumer sites, distribute to specialty store and department store wholesale accounts, and market the brand throughout Japan.
The multi-year agreement with World Co., Ltd. will mark URBN's first full-scale entry into the Japanese market, and is expected to commence with the Free People brand's spring 2013 collection. Under the agreement, World Co., Ltd will have the right to distribute merchandise through shop-in-shop locations, a stand-alone store, direct-to-consumer sites, distribute to specialty store and department store wholesale accounts, and market the brand throughout Japan.
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