Iconix news and archive

Iconix reports 17 percent drop in Q2 revenues

For the second quarter of 2018, total adjusted revenue at Iconix Brand Group, Inc., the company said, was 50.2 million dollars, a 17 percent decline and for the six months ended June 30, 2018, total adjusted revenue was 98.8 million dollars, again a 17 percent decrease as compared the six months ended June 30, 2017. The company added that such...

Report

Peter Cuneo assumes Executive Chairman’s role at Iconix

Iconix Brand Group has said in a statement that current chairman of the board, Peter Cuneo, will assume the role of executive chairman, effective immediately. The company added that as Executive Chairman, Cuneo will be focused on evaluating strategic opportunities, overseeing the financial and legal functions and working towards stabilizing the...

ManagementFeatured

Iconix's DanskinNow license with Walmart ends

Iconix Brand Group has announced several developments including the wind down of the DanskinNow brand at Walmart, the amendment of its senior secured term loan, a new exclusive Starter collection on Amazon, and the dismissal of pending securities class action lawsuits previously filed against the company. The company said that as a result of...

Business

Iconix receives loan to pay off debt

New York - The news of how Iconix Brand Group, Inc. has been struggling reared its ugly head last week when Badgley Mischka purchased their trademark back from them . The company has found itself straddled with debt, and even in potential legal trouble since they have been asked to restate their earnings over the past several years. In August...

Fashion

Pharrell Williams buys back Billions Boys Club brand

Music producer Pharrell Williams bought back the Billionaire Boys Club brand he co-founded in 2005 from apparel conglomerate Iconix Brand Group. Williams and his partners from BBC Miami have repurchased the 50 percent stake in BBC Ice Cream LLC, the legal entity of the Billionaire Boys Club and Ice Cream streetwear brands, according to WWD....

Report|REPORT

Iconix Group lowers FY15 revenue and EPS outlook

The Iconix Group has revised its full year 2015 guidance estimates led by the preliminary third quarter results, the elimination of ‘other revenue’ from its estimates, revised expectations for the Peanuts brand, weak performance in men's fashion, and reductions in revenue in the first nine months of 2015 and reductions in revenue assumptions for...

Apparel

Iconix Brand Group announces management changes

Fashion company Iconix Brand Group, which owns and licenses brands including Badgley Mischka, London Fog and Lee Cooper, has promoted Seth Horowitz from president of men's division to chief operating officer at the company. In addition, Jeff Lupinacci, formerly global chief financial officer of IPG Mediabrands, has been appointed chief financial...

Fashion

Iconix acquires Buffalo David Bitton brand

Consumer brand group Iconix has taken a controlling interest in the Buffalo David Bitton brand from Buffalo International for a deal worth 76.5 million dollars. Under the deal, Iconix will hold a 51 percent stake in the lifestyle brand and has formed a joint venture with Buffalo International, which will become the core licensee, reports WGSN....