MainStreetChamber Holdings, Inc. (MSCH U.S.: OTC) announced today the signing of a significant letter of intent (LOI) with kathy ireland® Worldwide (kiWW®), to acquire substantial equity interest in three categories of kiWW® licenses.
Under the terms of the agreement, MainStreetChamber Holdings, Inc. (MSCH U.S.: OTC) will obtain equity and licensing rights in kathy ireland Kids, kathy ireland Laundry, and kathy ireland HOME. Last year, Ms. Ireland was inducted into the International Licensing Hall of Fame. Women’s Wear Daily (WWD) says kathy ireland® Worldwide “is the highest-ranking woman-owned licensing business in American history.” Last month Forbes celebrated Ms. Ireland in their Know Your Value 50 Over 50 annual program naming her one of the most influential women in the world, in the lifestyle category.
Larry Kozin, CEO of MainStreetChamber Holdings, Inc (MSCH U.S.: OTC), expressed enthusiasm about the opportunity, stating, “Kathy is an extraordinary human being with great integrity and vision. We have already experienced the power of the kathy ireland® brand, having acquired a license for kathy ireland® Kids furniture in North America over a year ago. The kathy ireland® brand joined George Lucas and Walt Disney in the Licensing Hall of Fame, and we believe, for Ms. Ireland to be involved in every sector of bringing Wall Street benefits to every segment of our company, in addition to MSCH being the first public company to ever hold equity in any vertical of kathy ireland® Worldwide, has exponential potential to grow and scale powerfully. kathy ireland® Worldwide has an incredible leader, enormous customer base, a strong management team, and a history of over three decades of success.” Read MoreRead More