Next week marks two years since the Lenexa, KS,company signed a stock purchase agreement to license Champion Products collegebookstore, military and resort businesses from Sara Lee Corp. for $9.6 million,which included $7.3 million for the acquisition of existing inventory. The dealalso granted GFSI a 15-year license agreement for rights to the Champion logoand related trademarks starting July 1, 2001. The contract, however, doesn’trequire royalty payments, ranging from 3-6% of net sales, until year 3 — i.e.starting July 1. Then, the contract requires a minimum annual royalty of ... Log in to view full article.