Global Brand Marketing Inc., (GBMI) has sold its majority interest in Pony International, LLC to Sharp Gain Profits Limited, a member of the Symphony Holdings Group based in Hong Kong. In addition, the two other entities with interests in Pony, including The Firm Shoes, Inc. and Itochu International Inc., have sold their respective interests to Sharp Gain Profits Limited. Sharp Gain Profits Limited is now the sole owner of Pony International, LLC.

GBMI will consult with Sharp Gains Profits Limited under a management services contract and will assist with components of the transition for a limited period following the closing of the sale.