4:10 "we're really pleased and excited about the relationship"
Good looking products though
Golden Goose was established in December 2002 with the mission to work with brands we love, and help consumers love them more. The licensing business is huge, worth around £180bn per year at retail.
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PRESS RELEASE
26/07/12, for immediate release
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New service launched by Golden Goose and Fisher
Forensic
Kingfisher
Collections will manage royalty admin for agencies and licensors.
Boutique brand
licensing consultancy Golden Goose has partnered with forensic accountants
Fisher Forensic to develop a royalty administration service for busy
licensors and agencies. Called Kingfisher Collections, the new service offers
to manage the chasing and collation of royalty reports and payments so that
brands can focus on their licensing programme without losing control of their
revenue collections.
“Kingfisher
Collections provides a seamless, professional point of contact so that
licensors and agencies can concentrate on sourcing licensees, developing new
products and marketing their brand to retailers without worrying about how
royalties are collected,” said Adam Bass, Director of Golden Goose who has
helped develop the service.
Licensors and
agencies using Kingfisher Collections will have the convenience and focus of
a trusted accountancy firm handling the entire royalty collection process:
from issuing invoices and chasing for statements and payments to generating
financial and performance reports.
“It’s very easy
for licensors and agencies to lose track of the royalties and for the
reporting to get out of kilter with the original licensing agreement,“
explained Rafi Saville from Fisher Forensic. “This can lead to licensors
collecting the wrong amounts and store up potentially nasty surprises for a
royalty audit.”
“Most licensing
departments are surprisingly small,” Added Bass, “and Kingfisher Collections
will offer a seamless service so that licensees don’t even know they are
talking to a firm of forensic accountants.”
For more
information about the service please visit www.kingfishercollections.co.uk
Ends
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Whilst Napoleon once famously described the UK as a nation of shopkeepers, these days it’s not so much a nation as four major players that dominate the retail landscape. With many manufacturers losing their shirts - and their souls – when negotiating with big retail why are more and more brands;
Dealing directly with the devil
Stroll innocently down the aisles of any large high street retailer and your gaze is constantly being tugged at. Enticing special offers at knee height - the most common in-store eye-level – tempt you with seductive discounts. Stop to peruse a shelving unit and an intuitive understanding of the “good, better, best” ranging of products will gradually dawn upon you: Prices rise with their height on the fixture. Reach out to select a product (conveniently located at shoulder height) and it will inevitably be better than the cheapest equivalent and cheaper than the most expensive offering. As you drop the item into your basket you congratulate yourself on the successful selection of the best value product, blissfully unaware of the years of consumer research; the intense negotiation over positioning, promotions, cost and margin; and the many arguments over delivery and logistics that have gone into helping you make your informed choice.
If you see someone suspicious muttering to themselves and maybe taking discreet pictures on their mobile in the middle of the supermarket the chances are that person works in licensing. Unless they’re on discount, licensed products will generally be in the middle of the ‘better’ section, at shoulder height, where the bulk of the sales and the margin are. If your muttering stranger is a real licensing maven they will even be able to tell you if the branded products are licensed directly by the retailer and therefore not available elsewhere.
