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Lake Forest-based Xfit Brands, Inc. announced a new licensing agreement which will increase gross sales in Brazil by $2,000,000 over the next 2 years.
XFit Brands’ Throwdown® entered into an agreement with Mellgine Representacoes LTDA that guarantees no less than one million US dollars in sales and 10% minimum payment to Xfit Brands, Inc. per year. The agreement encompasses mixed martial arts (MMA) gloves, punching bags, exercise equipment and Throwdown® branded apparel.
MMA is second only to soccer in Brazil and the demand for quality merchandise has risen. Mellgine Representacoes, LTDA is one of the leading businesses in Brazil and regions of South America that brings strong retail and ecommerce distribution. Xfit also refinanced with PIMCO and the acquisitions of GlideBoxx and EnviroTurf, and has been rapidly growing its business around the world.
XFit Brands, Inc. is one of the leading suppliers of Fitness, Sports Surface, and MMA equipment. They assist thousands of gyms worldwide from design, to production, to installation for all the outlets.