Iconix Brand Group Inc
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Taking a look at the week ahead for the footwear and apparel industry, here is news editor Joe Ayling's snapshot of just-style's latest news and insights agenda.
Last week, an unprecedented series of events in the US financial sector shook global markets, leaving retailers and brands anxious that already tough trading conditions could worsen still. Joe Ayling reports on how the Wall Street meltdown dealt a further blow to fashion operators and could mean that international expansion is the best short-term fix.
Andy Dunkley, the CEO of Lee Cooper has set some ambitious targets for the licensed denim brand, with plans for it to double its revenue to US$1bn over the next five years. Dunkley told Petah Marian about the Lee Cooper "family" and its plans at the company's recent licensee conference.
In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance.
Brand management company Iconix Brand Group has secured a new five-year US$300m loan credit facility.
Brand management company Iconix Brand Group has appointed John Haugh as president and chief executive.
UK retailer Sports Direct has has increased its stake in US brand management company Iconix Brand Group and bought a stake in Dick's Sporting Goods as part of its long-term strategy.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
A class action lawsuit has been filed against brand management company Iconix by shareholders claiming the firm has engaged in irregular accounting practices and subsequently overstated its earnings and revenues.
Brand management company Iconix Brand Group has appointed David Jones to the role of chief financial officer.
Brand management company Iconix Brand Group said it is “on track” to deliver on its 2015 guidance, despite booking first-quarter earnings and sales declines.
Brand management company Iconix Brand Group CFO Jeff Lupinacci has stepped down after a year in the post to pursue another business opportunity.
Iconix Brand Group has acquired the remaining 50% of Iconix China from its joint venture partner Novel Fashion Brands.
Iconix Brand Group has booked a mixed set of results for the fourth quarter as GAAP earnings dropped and revenues climbed.
Iconix Brand Group, which owns and licenses brands including Candie's and Umbro, has acquired the North American rights to the athletic brand Pony and related intangible assets in partnership with Anthony L&S Athletic (AL&S) for US$37m.
The US International Trade Commission (USITC) is to launch an investigation into trademark infringement claims against 31 footwear retailers and manufacturers following a complaint by Converse.
Iconix Brand Group has lifted its full-year earnings guidance after booking a 22% increase in third-quarter profit.
Nike-owned footwear business Converse is suing 31 rivals over claims they infringed the trademark of its Chuck Taylor All-Stars shoes.
Iconix Brand Group has taken a stake in Nick Graham, which will allow the men's wear lifestyle apparel group to expand its product portfolio and enter new markets.
Iconix Brand Group has upped its earnings guidance for the full year, despite booking a drop in second-quarter profit.
Iconix Brand Group has booked record revenues in its first-quarter and upped its guidance for the full year.
Iconix Brand Group has unveiled a series of changes to its management team, including the appointment of Jeff Lupinacci as its new CFO, replacing Warren Clamen.
Iconix Brand Group has acquired the remaining 50% of its Latin America business from joint venture partner New Brands Group for US$42m.
Iconix Brand Group, which owns and licenses brands including Candie's and Umbro, has reported a 6% increase in fourth-quarter net profit thanks to higher sales.
Iconix Brand Group has raised its earnings guidance for the full year, despite reporting a slight decline in third-quarter net profit.
Not enough progress has been made on delivering compensation to families and workers affected by the Rana Plaza building collapse, according to a new report from the Clean Clothes Campaign and the International Labour Rights Forum.
TowerBrook Capital Partners has completed its $824m acquisition of denim and sportswear brand True Religion Apparel.
Iconix Brand Group, Inc. - Mergers & Acquisitions (M&A), Par
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