The owner of brands including Umbro and Lee Cooper announced on Friday that it has entered into a definitive agreement to be acquired by an affiliate of Lancer Capital, a deal which values Iconix at around $585 million.
The owner of brands including Umbro and Lee Cooper announced Q1 revenue of $23.6 million on Thursday, representing a 15% year-over-year decline, largely due to a 41% decrease in the company’s women’s segment.
The owner of Umbro and Lee Cooper reported a Q4 loss of $14.1 million, or $1.06 per share, on Wednesday, a significant improvement from a loss of $93.0 million, or $7.94 per diluted share, in the prior-year period.
The owner of brands including Umbro, Lee Cooper and Ecko Unltd reported Q3 net income of $45.7 million on Monday, swinging back into profit despite the negative impact of the Covid-19 pandemic on its revenues.
Italian fashion house Moschino is to launch a brand-new fashion and accessories collection with the seminal skateboard brand Palace, in the latest link-up between the worlds of runway fashion and street style.
As it continues to consider its strategic alternatives, the New York-based brand management company has announced the completion of the sale of its Starter China subsidiary to an unnamed buyer for $16.0 million.
As the New York-based brand management company continues its search for a financial lifeline, Iconix has announced that it is examining a range of strategic alternatives, including a potential sale or merger.