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...

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...

Apparel

Future Group brings UK’s Umbro to India

While Reliance Retail is racing ahead of the country’s oldest retailers Kishore Biyani’s Future Lifestyle Fashion (FLF), both have come together to open stores of British sportswear brand Umbro. The brand falls under the Iconix Lifestyle portfolio, which is a joint venture with Reliance Brands that holds India rights for more than 20...

Apparel

Iconix Q2 revenue up 23 percent

Total revenue of Iconix for the second quarter of 2013 showed a 23 percent increase as compared to the second quarter of 2012. EBITDA showed a 24 percent increase as compared to the prior year quarter. Revenue for the six months ended June 30, 2013, showed a 21 percent increase as compared to the prior year period. EBITDA showed a 19 percent...

Apparel

Iconix Brand Group Q4 revenues slip by 10.4 million dollars

While announcing acquisition of Lee Cooper, iconic global lifestyle brand with over 100-year heritage, Iconix Brand Group in its financial results for the fourth quarter and year ended December 31, 2012 said that its total revenue for the fourth quarter of 2012 was approximately 85.1 million dollars (Rs 460 crores), (down 10.4 million dollars/Rs...

Apparel

Arvind signs licensing deal for Ed Hardy in India

Arvind Lifestyle Brands has signed a long term licensing agreement with Iconix Lifestyle, a JV between Iconix Brand Group, US and Reliance Brands for Ed Hardy. Ed Hardy is the alternative lifestyle fashion brand that celebrates the classic American tattoo as an art form across apparel and accessories. Arvind Lifestyle Brands, a subsidiary of...

Apparel

Iconix completes venture in India

The Iconix Group has announced the completion of the formation of its joint venture company in India with Mukesh Ambani's Reliance Brands. This new company, Iconix India, will sell Iconix brands such as London Fog, Ed Hardy, Mossimo and Ocean Pacific in India. Iconix says this partnership is an important step for its global expansion strategy....

Fashion

Arvind, Iconix sign licensing deal for Mossimo

Arvind the Indian textile and apparel major has signed a licensing agreement with Iconix Brand Group Inc for the Indian market. Through this deal Arvind will launch the Mossimo brand in India. Megamart the retail chain run by Arvind will hold the exclusive multi-year license to manufacture and distribute Mossimo apparels and accessories across...