Sponsors
Billabong ▼ 0.000 | PPR ▼ -0.15 | American Apparel ▼ -0.018 | The Buckle ▲ +0.37 | Columbia ▲ +0.07 | Deckers Outdoor ▲ +0.80 | Dicks ▲ +0.77 | Foot Locker ▲ +0.39 | Genesco ▲ +1.10 | Iconix Brand Group ▲ +0.76 | Jarden Corp ▼ -0.16 | Nordstrom ▲ +0.57 | Luxottica ▼ -0.03 | Nike ▲ +1.19 | Pacific Sunwear ▼ -0.06 | Skullcandy ▲ +0.11 | Sport Chalet - 0 | Urban Outfitters ▲ +0.63 | VF Corp ▼ -0.29 | Quiksilver ▼ -0.03 | Zumiez ▲ +0.18 | Macys ▲ +0.63 | Tillys ▼ -0.04 |
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

4 reasons for B2B companies to embrace ecomm from NuORDER. Invitation to PROCOPIO's Labor and Employment Law seminar.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Iconix to acquire Sharper Image brand

By Press Releases
October 27, 2011 7:41 AM

Press Release:

 

NEW YORK, Oct. 27, 2011 /PRNewswire/ -- Iconix Brand Group, Inc. (NASDAQ:ICON - News) ("Iconix" the "Company") announced today that it has signed a definitive agreement to acquire The Sharper Image® brand and intellectual property assets from Sharper Image Acquisition, LLC for approximately $65.6 million in cash. This acquisition will mark the Company's first entry into the rising consumer electronics sector.

 

Sharper Image is a respected brand in the consumer electronics industry with over 85% brand recognition, and is best known for its innovative products. This will be a seamless transition for the Company, as Sharper Image operates under a licensing business model.

 

The Company estimates that the Sharper Image brand will generate approximately $12-13 million in annual royalty revenue through a variety of categories including audio and video electronics, travel gear, personal home products, kitchen and bath accessories, massage products, air purification products and giftables.

 

Sharper Image products are sold nationwide at better department and specialty stores and direct to consumer through the Sharper Image catalog and e-commerce website, www.sharperimage.com.

 

"This is an exciting acquisition for Iconix," commented, Neil Cole, Chairman and CEO, Iconix Brand Group. "With the addition of the Sharper Image brand, we continue to demonstrate the diversification of our business model and strength of our Company. We always believed that the Iconix platform could be leveraged across numerous industries and this acquisition reinforces that message."

 

About Iconix Brand Group, Inc.

Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R) RAMPAGE (R) MUDD (R), LONDON FOG (R), MOSSIMO (R) OCEAN PACIFIC (R), DANSKIN (R) ROCA WEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R), ZOO YORK (R) and WAVERLY (R). In addition, Iconix owns an interest in the ARTFUL DODGER (R), ED HARDY (R), ECKO (R), MARC ECKO (R), MATERIAL GIRL(TM) and PEANUTS (R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments Iconix manages its brands to drive greater consumer awareness and equity.



Articles You Might Have Missed