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Slide #5. Iconix Brand Group — Balance Of Iconix Latin America
Iconix Brand Group (NASDAQ:ICON)
Balance Of Iconix Latin America
Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company"), today announced that it has acquired the remaining 50% of Iconix Latin America from its joint venture partner, New Brands Group, S.A., for $42 million.
Iconix Brand Group is a brand management company and owner of a portfolio of global consumer brands across its operating segments: women's, men's, home, and international. Co.'s brand portfolio includes Candie's®, Bongo®, Joe Boxer®, Rampage®, Mudd®, London Fog®, Mossimo®, Ocean Pacific/OP®, and Danskin/Danskin Now®, among others. Co. seeks to monetize the Intellectual Property (IP) related to its brands and in relevant categories by licensing directly with retailers, through a consortia of wholesale licensees, through joint ventures in certain territories and via other activity such as corporate sponsorships and content as well as the sale of IP for certain categories or territories.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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