ICON to consider a broader range of strategic alternatives

16 Jul '20

1 min read

Pic: Iconix Brand

The board of directors of the Iconix Brand Group (ICON) recently authorised its management and external advisors to consider a broader range of strategic alternatives, including a potential sale of the company, merger or other business combination, a recapitalisation of its existing capital structure, and financings or re-financings of existing debts.

The alternatives also include sales of equity and equity-linked securities, dispositions of discrete brands and related assets, licensing or other strategic transactions involving the global brand management company.

This is in addition to the company’s previously announced executed definitive agreements to sell the rights to the UMBRO and STARTER brands in China.

There can be no assurance that the exploration of strategic alternatives will result in any transaction or specific course of action.

The company has not set a timetable for the conclusion of its review of strategic alternatives, according to a company press release.

Fibre2Fashion News Desk (DS)

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