Iconix Brand Group
Iconix Brand Group
Public | |
Traded as | NASDAQ: ICON[19] |
Industry | Textile |
Founded | 1978[1] |
Founder | Neil Cole[1] |
Headquarters | New York City,New York,U.S. |
Worldwide | |
Peter CuneoRobert C. Galvin | |
Products | Apparel |
Revenue | $400 millionUSD( $80MFY |
120 | |
Subsidiaries | Umbro,Lee Cooper,Starter,The Sharper Image.Mossimo,Mudd Jeans |
Website |
Public | |
Traded as | NASDAQ: ICON[19] |
Industry | Textile |
Founded | 1978[1] |
Founder | Neil Cole[1] |
Headquarters | New York City,New York,U.S. |
Worldwide | |
Peter CuneoRobert C. Galvin | |
Products | Apparel |
Revenue | $400 millionUSD( $80MFY |
120 | |
Subsidiaries | Umbro,Lee Cooper,Starter,The Sharper Image.Mossimo,Mudd Jeans |
Website |
History and operations
The company began as Candie's, Inc., whose brand it purchased in 1993. The Bongo brand was purchased in 1998. The Badgley Mischka brand was purchased in 2004. The Joe Boxer and Rampage brands were acquired on July 22, 2005, and September 15, 2005, respectively. In 2006, the company acquired the Mudd, London Fog, Mossimo, and Ocean Pacific brands on April 11, August 29, November 1, and November 6, respectively. The company continued with acquisitions in 2007 with the purchase of Cannon, Danskin, Artful Dodger, and Rocawear brands. On November 15, 2007, Iconix bought the Starter brand from Nike. On October 27, 2009, Iconix paid $109 million for a 51% stake in urban fashion brand Eckō Unltd. It acquired full ownership in May 2013.[2]
On June 3, 2010, Iconix and Charles M. Schulz Creative Associates jointly acquired all assets related to the Peanuts comic strip from its longtime owner, United Media, using the property to form a new company, Peanuts Worldwide, which is 80% owned by Iconix and 20% owned by Schulz Associates. Peanuts Worldwide also acquired United Media's licensing arm, which represents licensing for its other properties including Dilbert and Nancy.[3][4]
In February 2015, Iconix bought the Strawberry Shortcake brand from American Greetings.[10] Also that month, Iconix and Anthony L&S Athletics LLC acquired North American rights and related intangible assets of Pony from Symphony Holdings LLC with the option to purchase additional markets. A new subsidiary, owned 75% by Iconix and 25% by Anthony L&S, would hold the Pony rights.[11]
In 2015, several top executives, including founder Neil Cole, resigned following a statement that Iconix was under investigation by the Securities and Exchange Commission.[12] The investigation was triggered by Iconix's 2014 financial statements, after which it received a letter from the SEC. Stock prices fell 24% after Iconix confirmed the investigation. [13]
On May 10, 2017, DHX Media announced that it had acquired the Iconix entertainment division for $345 million. The sale was closed on June 30, 2017, gives DHX rights to the Strawberry Shortcake franchise, and more prominently, the 80% majority stake of Peanuts Worldwide.[16]
On October 15, 2018, Iconix announced the hiring of Robert Galvin As CEO.[17]
Current Brands
Clothing
Mossimo - Mid-range
Lee Cooper - English Brand
Jeanswear
Mudd Jeans - Womens jeans
Sportswear
Umbro
Danskin
Outerwear
London Fog (company)
Footwear
Pony International
Artful Dodger2
Bongo
Buffalo David Bitton
Candie's
Cannon
Charisma
Danskin
Eckō Unltd.
Ed Hardy
Fieldcrest
Joe Boxer
Lee Cooper
London Fog
Fashion brands by Madonna:1 Material Girl Truth or Dare by Madonna
Marc Ecko Cut & Sew
Modern Amusement
Mossimo
Mudd
Ocean Pacific
Pony (North American rights)
Rampage
Rocawear 2
Royal Velvet
Starter
Umbro
Waverly
Zoo York
See also
Phillips Van Heusen