The licensing company benefitted from a $74.1 million gain from the sale of its interest in Umbro China ($59.6 million) and Starter China ($14.5 million), sending Q3 into the black with a profit of $45,726,000 against a loss of $35,708,000 last year. Licensing revenue was down 31% to $24,462,000 from $35,471,000, impacted by the effects of the Covid-19 pandemic. Women’s slipped 43% due to the Mudd and Joe Boxer brands, men’s decreased 28% on lower revenue ... Log in to view full article.