Estonian clothing producer sells Monton trademarks
Listed Estonian clothing producer Baltika is to sell its Monton trademarks in Europe to Shenzhen Maiteng International Apparel, which operates the Monton Sports sportswear brand.
All proceeds from the sale will be used to repay a loan to the bank that holds a pledge to the trademark. Baltika Group will have the license to sell under the Monton brand for free until the end of 2023, Baltika said in a statement to the Nasdaq Tallinn stock exchange.
For the full story, see the May 2021 edition of Textiles Eastern Europe.