Iconix Brand Group said it will “broaden” the exploration of strategic alternatives for the company to include its possible sale, merger or other business combination. It is also considering a recapitalization. Ducera Parners has been retained as a financial advisor to work with its law firm, Deckert, in seeking new investors. In an effort to obtain more cash, Iconix recently sold its rights for Umbro and Starter in China for $62.5 million and $16.0 million, respectively. At the end of 2019, its balance sheet showed long-term debts of $646 million. In addition to these two labels, Iconix’ large portfolio of brands includes Danskin, Ocean Pacific and Pony, among others.