Kenneth Cole Productions has acquired the Le Tigre sportswear brand, which is sold in specialty stores and department stores including Nordstrom and Lord & Taylor. 

Included in the purchase are the Le Tigre trademark, iconic tiger logo, portfolio of licenses, and other intellectual property associated with the Le Tigre brand through an asset purchase.

Kenneth Cole has also entered into a license agreement with Le Tigre LLC to continue manufacturing and selling sportswear under the Le Tigre brand.

Chairman and CEO Kenneth Cole said: "We are pleased to add such a strong and internationally respected brand to our portfolio.

"We believe there is significant upside for the company, specifically through various licensing opportunities as well as through the introduction of men's, women's and children's footwear."

Kenneth Cole Productions designs, sources, and markets a broad range of footwear, handbags, and accessories. The company has also granted a variety of third party licenses for the production of men's, women's and children's apparel, as well as fragrances, timepieces, eyewear, and several other accessory categories it said.

Ryan O'Sullivan, CEO of Le Tigre, said: "This deal presents a tremendous opportunity for us by joining forces with Kenneth Cole Productions to unlock the full potential of the Le Tigre brand.

"We are looking forward to expanding our business, growing the brand into new categories, and leveraging the solid work that we have already done with this compelling brand."