71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
PANDORA
Sales Assistant Pavillion
Permanent · WESTVILLE
Published
Jul 20, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Iconix takes on full ownership of Iconix Canada

Published
Jul 20, 2017

Iconix Brand Group announced on Thursday that it has acquired the remaining 50 percent interest in Iconix Canada from its joint venture partner for $19 million. 

The brand management company paid $12 million upon closing, and will pay the remaining $7 million over the next two years. 
 

Iconix takes on full ownership of Iconic Canada. - Facebook: London Fog


"International expansion is a key part of our growth strategy, and Canada represents an opportunity to advance our objectives,” said John Haugh, Chief Executive Officer of Iconix, in a news statement. “Today Iconix  is underpenetrated in Canada and we believe with the strength of our brands we have room for growth. Iconix has a record of growth in territories where we have previously acquired full interest including Latin America and China, and we expect to continue this success through our full ownership of Iconix Canada."
 
The company equally announced its decision to keep a 51 percent interest in the Buffalo brand, which its had previously planned on selling. 

“Buffalo has been a strong performing brand in both Canada and the U.S. We believe retaining our majority interest in the Buffalo brand and gaining 100% control of Iconix Canada solidly positions us for organic growth in Canada," Haugh added.
 
Formed in 2013, Iconix Canada has licenses for brands including London Fog, Ecko Unltd., Charisma, Danskin, Rampage, Rocawear, Zoo York, Umbro, and more.
 
Iconix Brand Group saw revnue fall in 2016 following a year that Haugh described as “a year of transition for Iconix”.
 
For the full year ended December 31, 2016, licensing revenue was down by 3 percent to approximately $368.5 million, compared to $379.2 million in 2015.
 
For 2017, the company expects full year revenue to be in a range of approximately $350 million to $365 million.

Copyright © 2024 FashionNetwork.com All rights reserved.