US: Iconix takes control of Buffalo David Bitton label
Iconix Brand Group, which licenses fashion and footwear labels including Candie's, Bongo, London Fog and Joe Boxer, has acquired a 51% interest in the Buffalo David Bitton brand for US$76.5m.
Iconix has formed a joint venture with the brand's parent company, Buffalo International ULC, to acquire the trademark. Iconix will control the joint venture, while Buffalo will be the core licensee.
Buffalo products, which include denim, sportswear, activewear, and accessories are sold in Macy's, Dillard's and Lord & Taylor department stores. It has 30 standalone retail stores, mainly in Canada, operated by the core licensee.
Iconix CEO Neil Cole said: "The Bitton brothers have built a powerful lifestyle brand. We look forward to leveraging our licensing and brand management expertise to further grow the business and expand its retail footprint in the US and Canada, as well as internationally."
As a result of the acquisition, Iconix has raised its 2013 revenue guidance to a range of $415-$425m from $395-$405m. It also expects full-year diluted EPS to a range of $1.90-$2.00 from $1.75-$1.85.
Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between the...
TowerBrook Capital Partners has completed its $824m acquisition of denim and sportswear brand True Religion Apparel....
Iconix Brand Group, which owns and licenses brands including Candie's and Umbro, has lifted its full-year guidance after reporting a 31.4% increase in second-quarter net profit....
Surfwear brand Quiksilver has been landed with US$3.6m in damages after a jury found it "willfully" infringed World Marketing's "Visitor" clothing brand....
A group of leading North American retailers and brands - led by Wal-Mart and Gap - have committed more than $142m in funding and low interest loans to help improve factory safety conditions for garmen...
Sportswear retailer The Finish Line has seen its first-quarter profit more than halve after increased costs related to the launch of its business in Macy's department stores offset higher sales....
- Euro decline weighs on Turkish clothing industry
- G-Star RAW pushes the boundaries of denim
- VF Corp confirms interest in Africa sourcing
- Mexico makers see rise in exports and local demand
- Asian union development and the Western response
- UK retailers to answer over human trafficking
- LF Corp to streamline planning and sourcing
- Eliminating risk tops sustainability agenda
- US upgrade paves way for Malaysia in TPP
- Euratex raises rules of origin issues in TPP talks
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019
- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects