USA: IC Isaacs Reports Loss And Termination Of BOSS Deal
US sportswear manufacturer IC Isaacs & Co has reported a net loss for its fourth quarter and year end financial results, resulting in the termination of the licensing agreement with BOSS. For its fourth quarter figures, the company reported a net loss of $14m, or $1.77 per share, which incorporated an $8.1m charge resulting from the termination of the BOSS line. Without the charge, the company posted a net loss of $5.9m, or 75 cents per share, a drop from losses of $4.6m, or 66 cents per share, recorded in the same period last year.
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