×
77 047
Fashion Jobs
ATHLETA
General Manager - nw Hwy - Park Ridge (New Store)
Permanent · Park Ridge
GAP INC
Associate Analyst, Finance (Capital Accounting)
Permanent · Albuquerque
GAP INC
Finance Manager (Strategic Growth Office)
Permanent · San Francisco
RAG & BONE
Sales Supervisor (Full - Time) - Riverhead
Permanent · Riverhead
FOSSIL
Ecommerce Operations Coordinator
Permanent · Houston
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Round Rock
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Silver Spring
L'OREAL GROUP
Director, Ecommerce Operations - l'Oreal Professional Products Division
Permanent · New York
OLD NAVY
General Manager - Liberty Center
Permanent · Liberty Township
NIKE
Manager, Vendor Management Office – Global Tech
Permanent · Beaverton
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Senior Product Line Manager - Men’s Classics Footwear
Permanent · Beaverton
JCPENNEY
Asset Protection Security Specialist
Permanent · Plano
JCPENNEY
Asset Protection Specialist
Permanent · Plano
LULULEMON
Keyleader/Store Business Lead | Sawgrass Mills Outlet
Permanent · Sunrise
TAPESTRY
Area Manager
Permanent · Columbus
TAPESTRY
Manager, Human Resources
Permanent · New York
MICHAEL KORS STORES CALIFORNIA INC
Operations Manager
Permanent · Ontario
ESTÉE LAUDER
Senior Lead, Business Analyst, R&D Innovation & Planning
Permanent · New York
ESTÉE LAUDER
Director, Global Digital Creative Design
Permanent · New York
ABERCROMBIE AND FITCH CO.
sr. Procurement Analyst, Supply Chain
Permanent · Columbus
CENTRIC BRANDS
Account Executive - Ecommerce
Permanent · New York
Published
Feb 20, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix wins Lee Cooper

Published
Feb 20, 2013

Iconix's expansionist fever has spread to the jeans world. The group already owns Starter, Roca
Wear and London Fog and recently purchased Umbro and Buffalo David Bitton. And today they
added Lee Cooper to their fold.

Lee Cooper gets a new owner. Image, Lee Cooper.


Since 2005, the jeans brand — born in 1908 in England — was owned by the investment
fund Sun European Partners, based in Luxembourg and an affiliate of Sun Capital Partners in
Europe. Iconix said it had acquired the brand for 72 million dollars (54 million euros) in cash via
its subsidiary in Luxembourg, Iconix Luxembourg Holdings Sarl.
Lee Cooper already operates with distribution and production licenses for individual markets
(Linda Textiles for France, Ireland and Switzerland) and would fit quite easily into the Iconix
system.
“We are excited to add another truly global brand to our portfolio,”
said Neil Cole, CEO of Iconix Brand Group in a statement. “With the addition of Lee Cooper,
we expect our international business to represent approximately 33% of our overall business in
2013. With Lee Cooper's portfolio of international licensees we look forward to leveraging these
new relationships to further grow our worldwide footprint.”
Because even if the potential of Lee Cooper in the United States remains modest, the brand
will clearly enable Iconix to expand its international presence. The group has indeed shown its
intention to become less dependent on its domestic market.

Lee Cooper has 35 licensees that distribute the brand in 80 markets together with powerful
players like Landmark in the East and the Future Group in India. According to Iconix, the label
should bring in $14 million in royalties in 2013. The same press release also states that the
brand's sales were approximately 500 million dollars (375 million euros). The latest figures cited by brand management mentioned a turnover of around 250 million euros in 2010.

Copyright © 2022 FashionNetwork.com All rights reserved.