Iconix news and archive

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...

Business

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...

Fashion

Iconix inks licensing agreement to bring Zoo York to Korean market

Zoo York is taking a trip to Korea. Its parent company, Iconix Brand Group, has signed a four-year licensing agreement that allows Sparks Glencoe Korea Co. exclusive rights to design, manufacture and market the brand's apparel, footwear, underwear and accessories lines for the Korean market. Based in New York, Zoo York has evolved into a...

BusinessFeatured

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...

People

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...

Business

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...

Business

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...

Fashion

Pharrell Williams buys back Billions Boys Club brand

Music producer Pharrell Williams bought back the Billionaire Boys Club brand he co-founded in 2005 from apparel conglomerate Iconix Brand Group. Williams and his partners from BBC Miami have repurchased the 50 percent stake in BBC Ice Cream LLC, the legal entity of the Billionaire Boys Club and Ice Cream streetwear brands, according to WWD....

Design

Iconix Group revenues increase 7 percent in H1

REPORT_ Total revenues of the Iconic Group, for the six months ended June 30, 2014 wereapproximately 235.1 million dollars, a 7 percent increase as compared to approximately 220.2 million dollars for the prior year period. EBITDA attributable to Iconix for the six month period was approximately 147.9 million dollars, an 8 percent increase as...

Design

Iconix Group revenues increase 11 percent in Q1

REPORT_ Total revenues for the first quarter of 2014 were about 116.1 million dollars, an 11 percent increase compared to approximately 105.1 million dollars in the first quarter of 2013. EBITDA attributable to Iconix for the first quarter was approximately 69.8 million dollars, an 8 percent increase as compared to 64.6 million dollars in the...

Design

Iconix Brand Group announces management changes

Fashion company Iconix Brand Group, which owns and licenses brands including Badgley Mischka, London Fog and Lee Cooper, has promoted Seth Horowitz from president of men's division to chief operating officer at the company. In addition, Jeff Lupinacci, formerly global chief financial officer of IPG Mediabrands, has been appointed chief financial...

Design

60 seconds with ... Lee Cooper CEO Andy Dunkley

British denim brand Lee Cooper presented their Spring/Summer 2014 collection last week with a garden party just outside London, and FashionUnited caught up with the label’s Chief Executive Andy Dunkley to find out more about his career, what he is currently working on, as well as his future goals for the brand. Education “I went to University of...