The merger agreement will allow both companies additional resources, infrastructure and more.

EUROPE–Licensees Fashion U.K. and Global Licensing have entered into a merger agreement to help extend the reach of both businesses.

Both companies will also benefit from additional resources, efficiency and infrastructure as part of the merger.

The agreement also comes during a period of exponential growth for Fashion U.K. and will assist the company in its goal to be one of the leading licensed suppliers and a preferred supplier at retail.

Fashion U.K. is an apparel and footwear licensee that currently holds more than 50 different licenses for top brands such as Shopkins, Pokémon, “Minecraft,” Pusheen, Trolls, “Ben 10,” “Sesame Street” and Paddington, among many others. Most recently, the licensee has signed on to create a clothing range for M&Co inspired by Dinosaur Roar! The company will also bring Harlem Globetrotters fashion to the high street.

Global Licensing is also a U.K.-based apparel licensee that serves the U.K. high street, fashion independents and mass market retailers. The company currently holds the rights to a host of brands from companies including Twentieth Century Fox Consumer Products, BBC Worldwide, King, Sesame Workshop, King Features, Warner Bros. Consumer Products and WWE, among others.