Tristate Holdings Limited Issues Critical Update on Legal Dispute with Authentic Brands Group
Key Points for Investors
- Legal Dispute Escalates: Tristate Holdings Limited (“the Company”) is currently involved in a legal dispute with Authentic Brands Group (“ABG Group”) and its affiliated licensors regarding the licence agreements for the Nautica and Spyder brands.
- Preliminary Injunction Dismissed: On 22 July 2026, the Supreme Court of the State of New York dismissed the Group’s application for a preliminary injunction that sought to prevent ABG Group from terminating the licence agreements for Nautica and Spyder brands.
- Termination Notices Issued: On 23 July 2026, ABG Group formally issued termination notices for the Nautica and Spyder licence agreements, effective immediately. ABG Group has also demanded payment of additional royalties, which Tristate disputes.
- Appeal and Legal Actions: Tristate Holdings is preparing to appeal the court’s dismissal of its injunction and is actively seeking legal advice. The Company intends to vigorously defend its rights and restrain enforcement of the termination notices while the underlying dispute is being resolved.
- Potential Impact on Business: The termination of these licence agreements and the dispute over additional royalties could significantly impact Tristate Holdings’ operations and financial results, especially as Nautica and Spyder may be material to its revenue streams.
- Ongoing Updates: The Company will continue to update shareholders and potential investors on any significant developments and will make further announcements as required under Hong Kong Stock Exchange Listing Rules.
Important Information for Shareholders
The outcome of the legal dispute and the potential loss of licensing rights for Nautica and Spyder brands represent material, price-sensitive information. Shareholders should be aware that these events may adversely affect the Company’s share price, given the possible impact on revenue and future business prospects.
Tristate Holdings is actively defending its position and working to restrain enforcement of the termination notices. However, there remains uncertainty surrounding the resolution, and investors are advised to exercise caution when dealing in shares of the Company.
Board Composition
- Executive Director: Mr. WANG Kin Chung, Peter (Chairman and CEO)
- Non-Executive Directors: Ms. MAK WANG Wing Yee, Winnie; Dr. WANG Shui Chung, Patrick
- Independent Non-Executive Directors: Mr. LO Kai Yiu, Anthony; Mr. James Christopher KRALIK; Mr. Peter TAN; Professor Chen LIN
Next Steps
Investors should closely monitor Company announcements for updates on the progress of the appeal and any further legal developments relating to the licensing dispute. The outcome of these proceedings is expected to be significant for the Group’s business and share value.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should consult their own advisors and exercise caution. The information reflects the Company’s public disclosures as of 24 July 2026 and may be subject to change based on future developments.
利邦控股有限公司就與Authentic Brands Group法律糾紛發出重要公告
投資者重點
- 法律糾紛升級：利邦控股有限公司（「公司」）現正與Authentic Brands Group（「ABG集團」）及其關聯授權人就Nautica及Spyder品牌授權協議發生法律糾紛。
- 初步禁制令被駁回：於2026年7月22日，公司向紐約州最高法院申請初步禁制令，阻止ABG集團終止Nautica及Spyder品牌授權協議，但申請已被駁回。
- 終止通知發出：於2026年7月23日，ABG集團正式發出終止Nautica及Spyder品牌授權協議的通知，並要求支付額外特許權使用費，公司對此金額表示異議。
- 上訴及法律行動：公司正準備對禁制令駁回提出上訴，並積極尋求法律意見，將堅決維護自身權益，並力爭在糾紛解決前限制終止通知的執行。
- 對業務的潛在影響：上述授權協議如被終止，並要求額外特許權使用費，可能會對利邦控股的營運及財務狀況產生重大影響，尤其Nautica及Spyder品牌可能是公司重要收入來源。
- 持續更新：公司將根據港交所上市規則，持續向股東及投資者公布重大進展。
股東需知的重要信息
法律糾紛結果及授權權利的潛在失去，屬於重要且敏感的信息。股東需留意，這些事件可能會對公司股價造成負面影響，因為對收入及未來業務前景產生不確定性。
公司正積極維護自身立場並爭取限制終止通知的執行，但糾紛結果仍存不確定性，投資者在買賣公司股份時應謹慎行事。
董事會組成
- 執行董事：王建中（主席兼行政總裁）
- 非執行董事：麥王詠怡、王瑞中博士
- 獨立非執行董事：羅啟耀、James Christopher KRALIK、Peter TAN、林晨教授
後續行動
投資者應密切留意公司公告，關注上訴進展及相關法律糾紛的新動態。這些程序的結果預計將對公司業務及股價產生重大影響。
免責聲明
本文章僅供資訊參考，不構成任何財務建議。投資者應諮詢自身顧問及謹慎行事。內容反映公司截至2026年7月24日之公開披露，未來可能因新進展而變更。
