Lee Cooper news and archive

Pimkie in the process of being acquired by a consortium

Lille - The women's ready-to-wear brand Pimkie, owned by the Mulliez family association (AFM), announced on Wednesday that it had entered into exclusive negotiations to be acquired by a consortium made up of the Lee Cooper France, Kindy and Ibisler Tekstil groups. "The joint proposal of these three groups was selected on the basis of their...

Business

Iconix Brand Group gains profit in Q3, revenues drop 31 percent

Iconix Brand Group, Inc. total revenue for the third quarter was 24.5 million dollars, a 31 percent decline, compared to the same quarter of 2019. The company said, revenue across all segments was primarily negatively impacted by the effects of the Covid-19 pandemic on the global economy. GAAP net income attributable to Iconix reflected income...

Business

Iconix reports Q2 loss, revenues decline by 35 percent

Iconix Brand Group, Inc., for its second quarter reported total revenue of 22.3 million dollars, a 35 percent decline, compared to the second quarter of 2019. The company said in a statement that revenue across all segments was negatively impacted by the effects of the Covid-19 pandemic on the global economy, while the 46 percent decrease in...

Business

Iconix Brand Group posts 22 percent drop in Q1 sales

For the first quarter of 2020, total revenue at Iconix Brand Group, Inc. was 28 million dollars, a 22 percent decline, compared to 35.9 million dollars in the first quarter of 2019. The company said in a statement that revenue across all segments was negatively impacted by the effects of the Covid-19 pandemic on the global economy. The company...

Retail

Future Specialty Retail renews agreement with Lee Cooper

Future Specialty Retail (FSRL) the fully-owned subsidiary of Future Lifestyle Fashions (FLF) has renewed its license agreement with Lee Cooper. The new licensing agreement for Lee Cooper brand owned by Iconix Brand Group, will give FLP exclusivity to manufacturing and marketing rights for Lee Cooper clothing and footwear across all distribution...

Business

Future Lifestyle Fashions transfers Lee Cooper business to arm

Future Lifestyle Fashions has transferred its Lee Cooper business to a wholly-owned arm Future Specialty Retail (FSRL) by way of a slump exchange on a going concern basis. FSRL shall inter-alia carry on the Lee Cooper business. FSRL has issued and allotted 400 compulsory convertible preference shares of face value of Rs 910 each and 150...

Business

Lee Cooper hives off by Future Lifestyle Fashions

Future Lifestyle Fashions has hived off its leading brand Lee Cooper into a new step-down subsidiary, Future Specialty Retail. The company would also be issuing Rs 250 crores compulsorily convertible preferential shares to the new fully-owned arm. This fund infusion will result in the promoters diluting 26 per cent of the brand value of Lee...

People

Kishor Biyani seeks financial supporter for Lee Cooper India

Indian fashion mogul and Future Group founder Kishore Biyani has hired Kotak Mahindra Bank to find a financial backer for Lee Cooper's apparel business. According to market sources, the label could fetch a 200 million dollars valuation. Future Lifestyle Fashions (FLF), which controls the domestic rights for the brand, is looking to bring in a...

RetailFeatured

Lee Cooper takes EBO/MBO route to fastrack growth

Though Lee Cooper is present in India for the last two decades, nine years back Future Group became the license holder for the brand across India for brand’s apparel and leather accessories. Now the company aims to expand the brand through MBOs and franchisees and distributors. Big boost growth through EBOs “In three years we are looking at Rs...

Apparel

Lee Cooper on product, retail expansion spree

Fashion apparel and footwear brand Lee Cooper is looking at expanding its retail network as well as its product line in India to include watches, innerwear and fragrances. The company, which has a marketing and licensing agreement for footwear with Delhi-based M&B Footwear, said the latter would be setting up its first mono-brand store in India....

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...

Fashion

Lee Cooper, rebranding its value business in India

Lee Cooper the popular denim and casuals brand is planning to rechristen its value business in India. Its value brand includes 'Famous Basics by Lee Cooper'. This is now being re-christened as ‘Lee Cooper Originals’ with a launch being planned for October/November. The brand is retailed through 130 hypermarkets of Big Bazaar and stores of...