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Tropical Sells the Duck Head Brand to Goody''s.

Publication: Business Wire
Publication Date: 02-JUN-03
Format: Online - approximately 500 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--June 2, 2003

Tropical Sportswear Int'l Corporation ("TSI") (Nasdaq:TSIC) announced today that it has sold the Duck Head(R) trademark to Goody's Family Clothing, Inc. ("Goody's") (Nasdaq:GDYS) for $4 million in cash. The purchase agreement provides that TSI will be able to continue to sell existing Duck Head(R) inventory for a period of time and that Goody's will purchase certain remaining inventory from TSI. Goody's will assume all licenses associated with...

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