All Iconix articles
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News briefsIconix acquires British streetwear label
The US brand management group Iconix International has acquired a majority stake in the British streetwear brand Hoodrich, thereby expanding its brand portfolio, which already includes Umbro, Pony, Ocean Pacific and Lee Cooper. The terms of the transaction were not disclosed. Hoodrich founder Jay Williams will retain a minority stake. ...
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News briefs
Iconix’ sales drop by 35%
The Iconix Brands Group, which owns several brands including Umbro and Danskin, faced an impairment charge of $5.2 million for the second quarter due to store closures and other restrictions related to the coronavirus outbreak. The charge led the company to post a net loss of $17.4million, versus net income ...
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News briefs
Iconix puts itself up for sale
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 ...
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News briefs
Covid-related charge sinks Iconix’ results
The Iconix Brands Group, which owns a host of brands including Umbro, booked an impairment charge of $13.7 million for the first quarter, attributing it to the recent and future effects of the coronavirus pandemic on Umbro and four other brands in its portfolio. The charge inflated the company’s net ...
