Freddy announces a licensing and distribution contract for the Korean market with an important sportswear company, In The F, which has several in-house brands. This 39-year-old operation generates annual sales of about €130 million. The deal with Freddy is for an initial period of five years and calls for retail revenues of €5 million by the third year. There is an option to extend it. Freddy is targeting distribution in 4,000 points of sale worldwide in 2010, up from 2,800 at present.

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