Iconix news and archive

Iconix to roll out brands in GCC region via BFL Group deal

London-based Iconix International has announced a new direct-to-retail (DTR) agreement with off-price retailer Brands for Less (BFL) Group to roll out a number of labels in its portfolio to the Gulf Cooperation Council (GCC) region. The deal, which also extends into Lebanon and Malta, includes the brands Rocawear, Ocean Pacific, London Fog,...

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Iconix International snaps up majority stake in Hoodrich

Brand management company Iconix International has announced the acquisition of British streetwear brand Hoodrich, which is looking to bolster its global expansion plans through close partnerships. As part of the deal, brand founder Jay Williams will continue on as a minority shareholder, while business operations are to be assumed by Batra Group...

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Iconix to go private in Lancer Capital deal

Iconix, the owner of brands including Lee Cooper and Umbro, has announced the company will soon be acquired by Iconix Acquisition Corp, an affiliate of Lancer Capital. The deal was an all-cash transaction, which valued Iconix at around 585 million dollars, including net debt. Bob Galvin, Iconix CEO said in a statement: “After a thorough and...

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Iconix reports 17 percent drop in Q2 revenues

For the second quarter of 2018, total adjusted revenue at Iconix Brand Group, Inc., the company said, was 50.2 million dollars, a 17 percent decline and for the six months ended June 30, 2018, total adjusted revenue was 98.8 million dollars, again a 17 percent decrease as compared the six months ended June 30, 2017. The company added that such...

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Peter Cuneo assumes Executive Chairman’s role at Iconix

Iconix Brand Group has said in a statement that current chairman of the board, Peter Cuneo, will assume the role of executive chairman, effective immediately. The company added that as Executive Chairman, Cuneo will be focused on evaluating strategic opportunities, overseeing the financial and legal functions and working towards stabilizing the...

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Iconix's DanskinNow license with Walmart ends

Iconix Brand Group has announced several developments including the wind down of the DanskinNow brand at Walmart, the amendment of its senior secured term loan, a new exclusive Starter collection on Amazon, and the dismissal of pending securities class action lawsuits previously filed against the company. The company said that as a result of...

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Iconix receives loan to pay off debt

New York - The news of how Iconix Brand Group, Inc. has been struggling reared its ugly head last week when Badgley Mischka purchased their trademark back from them . The company has found itself straddled with debt, and even in potential legal trouble since they have been asked to restate their earnings over the past several years. In August...