WOW 0.23% $30.13 woolworths group limited

News: WOW Hills Ltd says co and Woolworths agreed to end contract entered into on Dec 3, 2014

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    Oct 11 (Reuters) - Hills Ltd (HIL)

    • Hills Limited and Woolworths Limited have agreed to end contract entered into on 3 dec 2014
    • Woolworths will pay an amount to hills in settlement of all rights and obligations under licensing agreement (corrects source)
    • Hills and Woolworths reach agreement on HHL brands
    • terms of settlement remain confidential between parties
    • Hills will record any associated increase to income and cash in its results for first half of fy17
    • Hills is considering potential permanent replacement brand licensing arrangements for all hhl products
 
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