Marchpole: 40m Forward Orders, Global Network in Place

I am still trying to make sense of this Boateng affair. Dan De Lion I am sure is correct when he points out the AFXF is misleading.

The Title of the AFX is "Marchpole faces fresh claim from Bespoke Couture to terminate Boateng licence". What Marchpole actually said in the RNS was:

"Earlier this year, Bespoke Couture Limited sold a diffusion range of garments to some of the Company's customers in breach of the Licence Agreement. The Company commenced proceedings in June 2006 against Bespoke Couture Limited claiming damages and in those proceedings Bespoke Couture Limited have made a Counterclaim in which it alleges that it has new grounds to terminate the Licence Agreement. The Company has been advised that Bespoke Couture Limited has no prospect of success and that it will be awarded substantial damages against Bespoke Couture Limited.

The Company is seeking trial of the new action at the earliest possible date
which is likely to be in about March or April 2007. In the meantime, the Company
have continued to produce and sell Boateng Diffusion garments for Spring/Summer
2007 and will be doing so for the Autumn/Winter 2007 season.

I read this as a totally different court battle from the one that was resolved in November. I see this as proceedings started by Marchpole in June 2006 for damages against Boateng. Boateng is now fighting Marchpole's claim for damages by presenting new grounds to terminate the Licence. One thing's for sure, as Marchpole started proceedings in June 2006 this is not new news to the management.

I have never seen this new action against Boateng mentioned on this thread or a Marchpole RNS until two days ago. That's not to say I have missed something and everyone else was well aware that this was going on.