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Business

Iconix to go private in Lancer Capital deal

Iconix, the owner of brands including Lee Cooper and Umbro, has announced the company will soon be acquired by Iconix Acquisition Corp, an affiliate of Lancer Capital. The deal was an all-cash transaction, which valued Iconix at around 585 million dollars, including net debt. Bob Galvin, Iconix CEO said in a statement: “After a thorough and...

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Business

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...

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