Iconix specializes in marketing, merchandising and licensing its brand portfolio and has over 1,100 licenses with leading retailers and manufacturers worldwide that sell across various distribution channels from the mass tier to the luxury market, as well as through various media outlets.
What happened to Iconix brand Group?
On July 14, 2020, Iconix announced that the company is up for sale. The next year, the company went private with equity investor Lancer Capital LLC purchasing all outstanding shares and delisting it from Nasdaq.
How does Iconix make money?
Iconix has a simple business model: it acquires brands and then licenses them to licensees throughout the world in exchange for royalties. As a pure-play brand-licensing company, Iconix has capital-light operations.
Who bought Iconix?
Lancer Capital
An affiliate of Lancer Capital will acquire the New York-based owner of consumer brands in a $585 million deal. Apparel brands owner Iconix Brand Group Inc. (ICON) on June 11 agreed to go private in a $585 million deal with an affiliate of Lancer Capital LLC.
Who owns Iconix?
After the transaction, Iconix — which owns the Umbro, Starter, Mossimo, London Fog and numerous other brands — will become a private company. Iconix expects the deal to close before the end of the third quarter of 2021. Under the agreement, Lancer would put in $60 million in equity capital.
What brand is Mossimo?
Iconix Brand Group
Mossimo is a sportswear and accessories American company, founded in 1986 by designer Mossimo Giannulli and owned by Iconix Brand Group since 2006….Mossimo.
| Type | Subsidiary |
|---|---|
| Parent | Iconix Brand Group |
| Website | mossimo.com |
What does Iconix Brand Group own?
It owns various brands through its wholly-owned subsidiaries which include Candie’s, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Sharper Image and Umbro.
Does Nike own Umbro?
In October 2012, Nike announced that it had agreed with Iconix Brand Group to sell Umbro for US$225 million. The acquisition was completed in December 2012.
Does the Mossimo brand still exist?
Mossimo is a sportswear and accessories American company, founded in 1986 by designer Mossimo Giannulli and owned by Iconix Brand Group since 2006….Mossimo.
| Type | Subsidiary |
|---|---|
| Parent | Iconix Brand Group |
| Website | mossimo.com |
Is Mossimo still in jail?
Mossimo Giannulli has been released from prison three weeks early, after pleading guilty and being sentenced to five months for his role in the infamous college admissions bribery scandal of 2019. Giannulli’s release to home confinement is not considered unusual, given the length of his sentence.
Who owns Umbro?
Umbro/Parent organizations
Umbro is an English sportswear and football equipment supplier based in Cheadle, near Manchester. Established in 1920, its products are sold in over 90 countries around the world. Since 2012, the company has been a subsidiary of American company Iconix Brand Group, after being bought by Nike in 2007.
