US: Iconix snaps up balance of Latin America business
Iconix Brand Group has acquired the remaining 50% of its Latin America business from joint venture partner New Brands Group for US$42m.
Iconix, which owns and licenses brands including Candie's and Umbro, says royalty revenue from its portfolio of brands has more than quadrupled inthe region with strong growth in Brazil, Mexico, Chile and across Central America.
Between Iconix Latin America, its recent acquisitions of Umbro, Buffalo and Lee Cooper, and its global Peanuts platform, the company's portfolio of brands generates around $22m of royalty revenue in Latin America. The firm says it now has sufficient scale and market presence to move from the current centralized model to a "multi-market model" in order to better capitalise on opportunities in each local market.
Iconix CEO Neil Cole, said: "We are excited about our international growth and the acquisition of the remaining interest of Iconix Latin America. Through organic growth and the recent acquisition of Umbro, we believe our business has reached critical mass in the Latin American marketplace.
"Going forward we will be able to focus on the unique business environment of each country in the region as we continue to grow the local presence of our portfolio of brands. International expansion is a key part of our overall organic growth strategy and we look forward to continuing to build our global footprint."
Iconix Brand Group has booked a mixed set of results for the fourth quarter as GAAP earnings dropped and revenues climbed....
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
This report provides an update of business news in the following categories: acquisitions, divestments and mergers; corporate social responsibility (CSR); financial results; international trade policy...
This report provides information, analysis and valuable insight on developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; company...
In spite of a general stabilisation in apparel and the eagerness of the public to start purchasing products again, clothing accessories ranked last in a list of what Romanians perceive as being essent...
Men continue to spend less on clothes than women in Romania and they are also much more responsive to economic constraints. In 2012, however, there were signs that men were being attracted by lower pr...
Romanian women continue to love clothes and shopping. However, they are Increasingly purchasing lower priced items during sales and discount periods. Most women in urban areas care about their overall...
- Latest TPP talks fail to clinch a deal
- Supply chain mapping using the Bitcoin blockchain
- COMMENT: Wearable tech – a passing fashion?
- Software solutions: Digital design and prototyping
- VF Corp confirms interest in Africa sourcing
- New dye-sublimation printers for sportswear
- Uniqlo owner highlights supplier factory progress
- Fabric sourcing tool links mills with design teams
- Coats Group swings to substantial H1 loss
- UK retailers to answer over human trafficking
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019