Home / Knowledge / News / Apparel/Garments / IC Companys to sell Jackpot & Cottonfield brand to COOP
IC Companys to sell Jackpot & Cottonfield brand to COOP
May '13
IC Companys has entered into an agreement to sell its two brands Jackpot and Cottonfield to COOP.

With the sale of Jackpot and Cottonfield an important strategic target has been achieved as IC Companys continues the process of simplifying its business model focusing on the continuing activities which is in line with the previously announced corporate strategy.

The two brands will become a cornerstone in COOP’s new textile venture, and COOP has in the agreement expressed to have selected employees transferred from IC Companys - employees who up until now have worked within design, production and sourcing in the two brands.

This sale will consequently result in the existing retail stores selling these two brands to gradually be phased out. The distribution to wholesale customers will continue until 31 December 2013.

In total this is expected to generate a positive cash flow effect for the Group.

The consolidated accounts for Q4 2012/13 are expected to be affected by a positive cash flow of approx. DKK 30 million whereas the financial results from discontinuing activities are expected to be affected negatively by approx. DKK 80 million attributable to provisions and write-downs.

The outlook for the consolidated revenue and operating profit from continuing activities is unchanged since the previously announced outlook for the financial year 2012/13 had already been adjusted for discontinuing activities.

IC Companys

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search