TITLE

ICONIX TO FOCUS ON SHOES FOR STARTER

AUTHOR(S)
Weilheimer, Neil; Derby, Meredith
PUB. DATE
November 2007
SOURCE
FN: Footwear News;11/19/2007, Vol. 63 Issue 45, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Iconix Brand Group to buy the Starter athletic brand from Nike Inc. for $60 million cash. Iconix estimates it will garner $18 million in royalty revenues in 2008 from the brand. Neil Cole, Iconix chairman and chief executive officer (CEO), stated that Starter further diversifies Iconix's existing brand portfolio because the company does not own a brand with Starter's professional sports tradition.
ACCESSION #
27766073

 

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