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.
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.
The owner of Tommy Hilfiger and Calvin Klein has revealed that it is closing its heritage brands retail business as part of efforts to streamline its operations in North America in the wake of the Covid-19 pandemic.
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.
Following its announcement of the sale of Umbro China, New York-based brand management company Iconix’s Chinese subsidiary revealed on Thursday that it has also signed a deal to sell the Starter China business.