Feb. 20, 2013
/PRNewswire/ -- Iconix Brand Group, Inc. (NASDAQ: ICON) ("Iconix" the "Company") today announced that it has acquired
, a global lifestyle brand with over a 100-year heritage for
in cash. The brand was acquired through the Company's
subsidiary, Iconix Luxembourg Holdings Sarl.
Founded in 1908,
is an iconic British denim brand that has expanded into multiple lifestyle categories including men's and women's casual wear, footwear and accessories. Today,
is a pure licensing business with a strong group of 35 international licensees, including Landmark in the
and Future Group in
, that are expected to generate approximately
in annual royalty revenue in 2013. The brand is sold in over 80 countries, predominantly in
and represents approximately
in annual global retail sales.
, CEO, Iconix Brand Group, Inc., commented, "We are excited to add another truly global brand to our portfolio and expect with the addition of
, our international business to represent approximately 33% of our overall business in 2013. With
's portfolio of international licensees we look forward to leveraging these new relationships to further grow our worldwide footprint."
About Iconix Brand Group, Inc.
Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including: CANDIE'S (R), BONGO (R),
(R), RAMPAGE (R), MUDD (R), MOSSIMO (R),
FOG (R), OCEAN PACIFIC (R), DANSKIN (R), ROCAWEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R),
(R), SHARPER IMAGE (R), UMBRO (R) and
(R). In addition, Iconix owns interests in the ARTFUL DODGER (R), ECKO (R),
(R), MATERIAL GIRL (R), PEANUTS (R), TRUTH OR DARE (R), BILLIONAIRE BOYS CLUB (R), ICE CREAM (R), MODERN AMUSEMENT (R), and BUFFALO (R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments Iconix manages its brands to drive greater consumer awareness and equity.
Iconix Brand Group, Inc.Investor Relations212.819.2096
Iconix Brand Group, Inc.VP, Public Relations212.819.2084
SOURCE Iconix Brand Group, Inc.