Mathias Ingvarsson, Founder And CEO Of RevolutionWear, Inc. And Curtis '50 Cent' Jackson Launch FRIGO Licensing Division With $80 Million Agreement

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Dec 19, 2014, 03:52 ET

NEW YORK, Dec. 19, 2014 /PRNewswire/ -- RevolutionWear founder and CEO, Mathias Ingvarsson and Curtis "50 Cent" Jackson announced the launch the FRIGO licensing division with an $80 million agreement. Ingvarsson also appointed Mary Gleason as President of FRIGO® licensing overseeing brand management worldwide and expanding RevolutionWear, its operating company, to include a licensing model. Gleason brings the agreement to the brand, which is backed by all-star investors.

Curtis "50 Cent" Jackson, RevolutionWear founder and CEO, Mathias Ingvarsson, and Robert Leng of Londyn Pilot Enterprises, Corporation

FRIGO® aims to revolutionize the men's luxury under garment category with advanced technology, design, and fabrications. As Brand President, Gleason will oversee licensing, product development, marketing, and retail distribution for all categories including men's underwear, boxers, and t-shirts.

"Mary's outstanding track record, licensing expertise and retail acumen make her the ultimate addition to our dream team," said Mathias Ingvarsson. "I look forward to her partnership as we enter the licensing arena and continue to expand FRIGO,®" he added.

Gleason introduces a licensing structure to the brand, through a deal with Robert Leng of Londyn Pilot Enterprises, Corporation. The six-year, $80 million dollar agreement includes a guaranteed $8.3 million dollars in royalty revenue from men's underwear, activewear, swimwear and luggage. Territories covered include North America, China, Japan, South Korea and Taiwan. Robert Leng, a manufacturer, product development and production expert in menswear for over 30 years says, "Mathias' vision is revolutionary and his team is outstanding."

Gleason adds, "We have an exciting line up for 2015, which includes our deal with Londyn Pilot followed by full athletic and active wear collections for fall." She continues, "I am thrilled to get back into the business with FRIGO, a brand that has amazing potential in so many categories - under garments, athletics, fashion and more."

Gleason's career spans 30 years in licensing, brand management and product development. She was President of the Exeter Brand Group, a Nike subsidiary, where she managed a portfolio of athletic brands including Starter, Team Starter, Asphalt, Shaq, and Dunkman. In 2003, Gleason was ranked 78^th in the Daily News Record's 100 Most Powerful People in Menswear.

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SOURCE RevolutionWear, Inc.