On Monday, RTW Retailwinds, parent to New York & Co., joined the bankruptcy fray, filing a Chapter 11 petition in U.S. Bankruptcy Court for New Jersey. ICON has gained $0.18 from the previous closing price of $1.26 on volume of 487,170 shares. Iconix Brand Group Inc. [NASDAQ: ICON] gained 71.69% or 1.19 points to close at $2.85 with a heavy trading volume of 15465989 shares. Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel and home categories. “As the board conducts its review, we remain focused on executing on our strategy and continuing day-to-day operations as usual.”. What’s more, the firm said it had “substantial” doubt regarding its ability to continue going forward, suggesting it could be forced to either file for bankruptcy and/or liquidate. The New York-based brand management house, parent to brands such as Rocawear, Pony, Danskin and Joe Boxer, informed the … Necessary cookies are absolutely essential for the website to function properly. As of now, Iconix has not set a timetable to conclude its review of strategic alternatives. Iconix Brand Group (ICON) is the world’s premier brand management company and owner of a diversified portfolio of strong global consumer brands across fashion, sports, entertainment and home. Iconix Brand Group does not represent either the 3rd party or the consumer if the two enter into a transaction. Iconix Brand Group, Inc. is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women's, men's, and home categories. Iconix Brand Group Inc is near the top in its industry group according to InvestorsObserver.ICON gets an overall rating of 56. The company […] Iconix Brand Group does not represent either the 3rd party or the consumer if the two enter into a transaction. This category only includes cookies that ensures basic functionalities and security features of the website. The following website is not managed by Iconix Brand Group. New York, NY — Iconix Brand Group reached an agreement to sell Umbro China to HK Qiaodan Investment for $62.5 million as it continues to move to pay down $650 million in debt.. Like others in the fashion and footwear space, Iconix has faced increased challenges stemming from COVID-19. You are now leaving the Iconix Brand Group, Inc. website. WordPress.com VIP, You will be redirected back to your article in. Iconix Brand Group Inc (ICON) stock is up 14.28% while the S&P 500 is down -0.27% as of 10:06 AM on Monday, Jan 4. Iconix Brand Group is an American brand management company that licenses brands to retailers and manufacturers primarily in the apparel, footwear, and apparel accessory industries. For the Transition Period From to .. Commission file number 1-10593 . Since 2012, the company has been a subsidiary of American company Iconix Brand Group, after being bought by Nike in 2007. While we have undertaken a number of actions toward positioning the company to drive growth and preserve operating leverage to achieve sustainable market leadership in the brand management sector, including recent asset sales, after careful consideration, our board has determined that it is prudent at this time to undertake a broader strategic review in order to ensure that all available alternatives for the company are being evaluated to maximize value for our shareholders,” said CEO and board member Bob Galvin in a statement. What happened. “We are confident in the company’s strategy to continue to de-lever its balance sheet and rationalize our cost structure. Royal Velvet is a heritage home brand … Please note we are not responsible for the content on this 3rd party website. Want to read more articles like this one? Ramps Up Home Business With New Licensing Deals For Cannon. Iconix Brand Group reported its Q4 and full year 2019 earnings. What: Iconix Brand Group's (NASDAQ:ICON) stock dove 22% lower in April, according to S&P Capital IQ data. The stock traded as low as $1.61 and last traded at $1.78. This website uses cookies to improve your experience while you navigate through the website. Alta Fundamental Advisers LLC is the largest shareholder of the company, while 30 institutions own stock in it. Iconix Brand Group, Inc. is partnering its Royal Velvet brand with new licensee Himatsingka America, a part of the Himatsingka Group, in a new multi-year deal for the United States and its territories including Puerto Rico; as well as Canada and Mexico. The past four years have not been easy for Iconix Brand Group (NASDAQ:ICON) shareholders, who have seen the stock plummet from $43-44 range in June … However, Descente inc. has licensing rights in Asia. In a bid to shore up cash, the company had already reached agreements to sell off the Umbro China and Starter China businesses, deals worth $62.5 million and $16 million, respectively. Find the latest Iconix Brand Group, Inc. (ICON) stock discussion in Yahoo Finance's forum. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide. Powered by The company report on November 16, 2020 that Iconix Reports Financial Results for the Third Quarter 2020.. Get the hottest stocks to trade every day before the market opens 100% free. You also have the option to opt-out of these cookies. 11. Legacy Home Brand Fieldcrest Joins JCPenney Exclusive Brand Portfolio, ICONIX BRAND GROUP, INC. PARTNERS WITH NEW OUTERWEAR LICENSEE FOR ED HARDY, Starter Black Label Honors Black History Month with a Ty Mopkins Exclusive Capsule Collection, Iconic sports brand STARTER celebrates its 50th Anniversary & teams up with Budweiser, ICONIX BRAND GROUP, INC. PARTNERS WITH NEW UNDERWEAR AND SLEEPWEAR LICENSEE FOR JOE BOXER, RHUDE X STARTER Partner to Launch an Exclusive Collection on The Greenhouse App, Waverly Debuts its First Peel and Stick Wallpaper Collection with RoomMates Decor, Umbro Announce New Partnership With Football Association Of Ireland, UMBRO LAUNCHES YOUTH SPORTS EQUIPMENT AT WALMART, Iconix Brand Group, Inc. Signs American Exchange Group As New Licensee For Mudd Footwear & Accessories, Iconix Brand Group, Inc. Finds New Home for Fashion Brands and Further Cultivates Home Portfolio, Our Game Is Not Just For Pros: Umbro Gives Back To The Grassroots Game Via Global Call For Entries, Ed Hardy Extends Licensing Deal With Revlon, Iconix Brand Group, Inc. Extends Longstanding Licensing Partnership For Umbro In Brazil, Argentina And Paraguay, Iconix Brand Group, Inc. Continues To Grow Home Business In The Middle East, Iconix Brand Group, Inc. Partners London Fog With New Handbag Licensee, Iconix Brand Group Continues International Growth With New Deal For Zoo York In Korea, Iconix Brand Group, Inc. The much anticipated turnaround finally shows itself in numbers. We also use third-party cookies that help us analyze and understand how you use this website. © 2021 Fairchild Publishing, LLC, a subsidiary of Penske Business Media, LLC.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. Umbro is an English sportswear and football equipment supplier based in Cheadle, near Manchester.Established in 1920, its products are sold in over 90 countries around the world. Iconix Brand Group is also expected to turn profitable, with earnings of US$0.48 per share. Considering the range, the current price of ICON sits at 379.45% of its 52 week low and -76.97% of its 52 week high. ICON data by YCharts.. A portfolio of strong global consumer brands across fashion, sports, entertainment and home. Iconix is also exploring other strategic alternatives including recapitalization of its existing capital structure, refinancing or a stock share. That means it scores higher than 56 percent of stocks. Iconix Brands Group ousted its chief executive on Friday — two years into his unsuccessful effort to turn around the licensing giant. A diversified portfolio of strong global consumer brands. What happened. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
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