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Knickerbocker Renounces Product Rights

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L.L. Knickerbocker Co. terminated its letter of intent to obtain manufacturing and marketing rights to three hair-removal products of Classy Lady by Mehl of Puerto Rico Inc.

Knickerbocker retains the rights to a fourth product, a skin-care system, a spokeswoman said.

Knickerbocker said it terminated the plan because Classy Lady had not been received approval from the Food and Drug Administration for the hair removal products.

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Classy Lady has returned all advances made by Knickerbocker, plus interest, Knickerbocker said.

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